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Matt's real wage in 2014 is $26.80. If the price level is 104, what is Matt's nominal wage?

Gunveen

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Matt's real wage in 2014 is $26.80. If the price level is 104, what is Matt's nominal wage?

Matt's real wage in 2014 is $26.80. If the price level is 104, what is Matt's nominal wage?
A) $30.80
B) $27.87
C) $2Answer: $25.77

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InMacro

InMacro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 54 times

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Gunveen Author

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Correct

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