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As a wave passes through the open ocean,the water molecules move ________.
Craft Unions
Labor unions representing workers with specific skills or crafts, often in the same or related industries.
Nominal Wages
Wages that are paid to workers in current dollars, without adjustment for inflation.
Price Level
A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.
Real Wages
Wages adjusted for inflation, representing the purchasing power of the income received by workers for their labor.
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