Business, 27.11.2019 03:31 yoda78

Assume that your nominal wage was fixed at $15 an hour, and the price index rose from 100 to 105. in this case, your real wage has: a. decreased to $10 b. increased to $15.75 c. decreased to $14.29 d. increased to $20

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Assume that your nominal wage was fixed at $15 an hour, and the price index rose from 100 to 105. in...