Examlex
Draw the structure corresponding to the following IUPAC name:
4-benzyl-3,5-diiodophenol
Nominal Wage
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Price Level
A measure of the average prices of goods and services in an economy, often used to evaluate inflation or deflation over time.
Real Wage
The amount of goods and services a worker can purchase with his or her nominal wage; the purchasing power of the nominal wage.
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The additional revenue generated from employing one more unit of a resource, such as labor or capital.
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