How would you define, “money illusion?” Do you believe regardless of which theory is applicable, interest rates will continue to vary based on a person’s credit, amount of fixed debt, and debt-to-income ratio? Please explain. In our economy today do you believe consumers have an incentive to work for minimum wage? What types of opportunity cost would consumers forgo, if they chose to work for minimum wage? During which period of the business cycle do you believe wages are stabilized or actually rise?