Question: 10 points Study Problem 5-3 (alga) Assume that the nominal wage rate increases from $15 to $17.60 per hour and, at the same time, the

10 points Study Problem 5-3 (alga) Assume that the nominal wage

10 points Study Problem 5-3 (alga) Assume that the nominal wage rate increases from $15 to $17.60 per hour and, at the same time, the price index increases from 110 to 120. By how much has the real wage rate changed? Round your answer to 2 decimal places. Real wage rate. by $

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