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Biraj Biraj
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Posts: 481
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5 years ago
Suppose the inflation rate is 3 percent this year. If nominal wages increase by 5 percent, real wages will

▸ decrease by 2 percent.

▸ increase by 5 percent.

▸ increase by 2 percent.

▸ decrease by 3 percent.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
Authors:
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Woo
wrote...
#1
5 years ago
increase by 2 percent.
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