When the CPI increases from 200 in 2016 to 210 in 2017 and the nominal wage rate
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When the CPI increases from 200 in 2016 to 210 in 2017 and the nominal wage rate is constant at $10 an hour, the real wage rate ______.
A. increases by 10 percent
B. increases to $15 an hour
C. decreases by 5 percent
D. is $10 an hour
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