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Business, 10.10.2019 01:20 Quidlord03

Suppose general electric paid its line workers $12 per hour in 2015 when the consumer price index was 100. suppose that deflation occurred and the aggregate price level fell to 84 in 2016. instructions: round your answers to two decimal places. a. ge needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. ge needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. if ge kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.

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