Henry's nominal wage increased by 3%, and the prices of goods that Henry buys increased by 2%. Henry

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Henry's nominal wage increased by 3%, and the prices of goods that Henry buys increased by 2%. Henry

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

Edition: 11^th

Authors: Case, Fair, Oster

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