In a Particular Year,if the Price Level Rises by 4

question 126

Multiple Choice

In a particular year,if the price level rises by 4 percent and the nominal wage of workers rises by 6 percent,we can conclude that the real wage has:

• A)fallen by 2 percent.
• B)fallen by 10 percent.
• C)increased by 2 percent.
• D)increased by 10 percent.
• E)remained constant.

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A national, voluntary association of physicians and medical students in Canada that advocates on national health and medical matters.

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