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. In
this case, your calculate what occurred to your REAL WAGES. Please advise if it increased or deacreased and by how much. 

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Basic Computer Science: Assume that your nominal wage was fixed at 15 an hour and
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