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1 Question 9 Not yet In 2001, Pablo earned $400 per week at his job

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1 Question 9 Not yet In 2001, Pablo earned $400 per week at his job. In 2018, Pablo earned $680 per week. If the CPI in 2001 was 100 and the CPlin 2018 was 152, then answered Marked out of 0.50 Select one: P Flag question a. the 2018 wage measured in 2001 dollars is $315.79 b. the 2001 wage measured in 2018 dollars is $315.79 C. Pablo was better off in 2018 in real terms. d. the 2018 wage measured in 2001 dollars is $608. e. the 2001 wage measured in 2018 dollars is $608.

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Give a careful explanation of what money illusion is, and why seignorage only holds if there is money illusion.