Assume that your nominal wage was fixed at 15 an hour and
Assume that your nominal wage was fixed at $15 an hour, and the price index rose from 100 to 105. Inthis case, your calculate what occurred to your REAL WAGES. Please advise if it increased or deacreased and by how much.
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assume that your nominal wage was fixed at 15 an hour and the price index rose from 100 to 105 inthis case your
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