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1. In 2022, General Electric paid its financial analysts $95,000 when the aggregate price level was $296.276. This year, GE is paying its financial analysts
1. In 2022, General Electric paid its financial analysts $95,000 when the aggregate price level was $296.276. This year, GE is paying its financial analysts $97,000 when the aggregate price level is $305.109. a. Did the real wage of GE's financial analysts rise or fall over the past year? b. Calculate the growth rate in the financial analyst's real wage. c. If GE wanted to keep the financial analysts' real wage constant from 2022 to 2023, what should GE have paid those employees
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