Given the following year-end data, calculate both the inflation rate and the real hourly wage rate for
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Inflation Nominal Real CPI Year Rate Wage Wage $10.00 100 2 $12.00 110 3 120 $13.00 $12.75 4 115 |||
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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