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Loraine Loraine
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8 years ago
If the nominal wage is $30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984 dollars
A) is $30.
B) is $14.85.
C) is $1.48.
D) is $29.00.
E) cannot be calculated without the past year wage rate.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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8 years ago
The textbook reference in your signature really helped me narrow it down.

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