Multiple Choice
If the price level rises by 4 percent in a year and nominal wages increase by 2 percent, then real wages will
A) decrease by 6 percent.
B) decrease by 4 percent.
C) decrease by 2 percent.
D) increase by 2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
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