Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 23, Problem 7MCQ
To determine

To identify:

The real wage rate when the CPI increases from 200 to 210 from the year 2016 to 2017 and the nominal wage rate is constant at $10 an hour.

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