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If the Nominal Wage Is $12 Per Hour and the Price

Question 151

Multiple Choice

If the nominal wage is $12 per hour and the price level (as measured by a price index) is 2,it follows that the real wage is _________ per hour.

A) $24.00
B) $6.00
C) $2.50
D) $14.00.
E) none of the above

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