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In a Particular Year,if the Price Level Rises by 4

Question 126

Multiple Choice

In a particular year,if the price level rises by 4 percent and the nominal wage of workers rises by 6 percent,we can conclude that the real wage has:


A) fallen by 2 percent.
B) fallen by 10 percent.
C) increased by 2 percent.
D) increased by 10 percent.
E) remained constant.

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