Question: a. Using the information below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each

a. Using the information below, and assuming that you want to

a. Using the information below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each of the given years? Instructions: Round your answers to two decimal places. CPI Values and Nominal Wages Nominal Wage Year CPI (dollars) 42.3 2011 2 $32,130 2014 257.6 b. Assume that your annual wage in 2014 was $87,700. This represents an increase in both nominal and real income v

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