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Q: From December 2017 to December 2018, Average Hourly Earnings for All Employees (average nominal wage rate) rose 3.2%, while consumer prices rose 2.2%. How much

From December 2017 to December 2018, Average Hourly Earnings for All Employees (average nominal wage rate) rose 3.2%, while consumer prices rose 2.2%. How much did real wages grow on average?

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Real wages are calculated by adjusting nominal wages for inflation To calculate real wage g... View full answer

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