If the Real Wage Rate Is $10

question 54

Multiple Choice

If the real wage rate is $10.00 an hour and the price level is 60, the money wage rate is

• A)$18.50 an hour.
• B)$16.67 an hour.
• C)$6.00 an hour.
• D)$16.75 an hour.
• E)$10.00 an hour.

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