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    Principles of Macroeconomics Study Set 3
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    Exam 11: Money Growth and Inflation
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    If Your Salary Increased by 7 Percent and Prices Increased
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If Your Salary Increased by 7 Percent and Prices Increased

Question 23

Question 23

Multiple Choice

If your salary increased by 7 percent and prices increased by 4 percent, by how much did your real wage rise?


A) 3 percent
B) 4 percent
C) 6 percent
D) 7 percent

Correct Answer:

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