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Suppose That the Nominal Wage, the Expected and Actual Price

Question 45

Multiple Choice

Suppose that the nominal wage, the expected and actual price levels, and the expected and actual inflation rates for a hypothetical economy in 2016 are presented in the following table. What is the actual real wage rate in 2016?
Suppose that the nominal wage, the expected and actual price levels, and the expected and actual inflation rates for a hypothetical economy in 2016 are presented in the following table. What is the actual real wage rate in 2016? A) $29.73 B) $29.41 C) $28.57 D) $28.12


A) $29.73
B) $29.41
C) $28.57
D) $28.12

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