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NYC NYC
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8 years ago
Henry's nominal wage increased by 3%, and the prices of goods that Henry buys increased by 2%. Henry's real wage has:
A) changed by 5%.
B) increased.
C) decreased.
D) remained constant.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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