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    Principles of Economics Study Set 12
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    Exam 13: Labor Markets
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    Calculate the Real Wage When the Nominal Wage at a Given
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Calculate the Real Wage When the Nominal Wage at a Given

Question 166

Question 166

Essay

Calculate the real wage when the nominal wage at a given time is $35 and the price index is 0.4.

Correct Answer:

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$87.50
Real wage = N...

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