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    Essential Foundations of Economics Study Set 1
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    Exam 17: Potential Gdp and Economic Growth
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    Suppose the Price of a Product Is $4 and the Nominal
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Suppose the Price of a Product Is $4 and the Nominal

Question 79

Question 79

Multiple Choice

Suppose the price of a product is $4 and the nominal wage that the firm must pay is $20.Then the firm's real wage is


A) $20.
B) $80.
C) $5.
D) $0.20.
E) $4.

Correct Answer:

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