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) 2011 228.3 $80 , 500 2012 233.7 2013 235.3 2014 240 .8 b. Assume that your annual wage in 2014 was $85,540. This represent v (Click to select) an increase in both nominal and real income a nominal raise and a constant real wage a decline in both nominal and real income a nominal raise but a decline in the real wage