3. Refer to the CPI data given in Problem 2. A report found that the real entry-level...

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3. Refer to the CPI data given in Problem 2. A report found that the real entry-level wage for college graduates declined by 5 percent between 2003 and 2010. The nominal entry-level wage in 2010 was $14.35 per hour. (LO2) a. What was the real entry-level wage in 2010? b. What was the real entry-level wage in 2003? c. What was the nominal entry-level wage in 2003?

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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