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131. Jim is negotiating a contract for a labor union. The union wants to increase members' real wages by 4 percent. The ination rate is
131. Jim is negotiating a contract for a labor union. The union wants to increase members' real wages by 4 percent. The ination rate is predicted to be 7 percent. To attain the union's goal, Jim needs to negotiate a raise in the nominal wage of 4 percent wage of 7 percent wage of 11 percent rate of 3 percent rate of 28 percent 9999's
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