Multiple Choice
If the Consumer Price Index (CPI) decreases from 100 to 50 and the nominal wage decreases from $200 to $50,what is the change in the real wage in terms of the beginning year's dollars?
A) +$200
B) -$100
C) +$50
D) -$200
E) +$250
Correct Answer:
Verified
Correct Answer:
Verified
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