Te following table gives average hourly nominal wages in


The following table gives average hourly nominal wages in nonagricultural industries and the price level in the United States from 1995 to 2002.

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(a) In what year did the nominal wage rise the most?

(b) In what year did the real wage rise the most?

(c) Did you get the same years for both (c) and (b)? If you didn't, what accounts for the difference?

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Econometrics: Te following table gives average hourly nominal wages in
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