Essay
Suppose that in one year the nominal wage rises from $12 to $16 and the price index changes from 0.75 to 1. Which grew faster, the nominal wage or the real wage?
Correct Answer:
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The nominal wage grew faster.
Nominal wa...View Answer
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Correct Answer:
Verified
The nominal wage grew faster.
Nominal wa...
Nominal wa...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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