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a. Using the information below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each

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a. Using the information below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each of the given years? Instructions: Round your answers to two decimal places. CPI Values and Nominal Wages Nominal Wage Year CPI (dollars) 42.3 2011 2 $32,130 2014 257.6 b. Assume that your annual wage in 2014 was $87,700. This represents an increase in both nominal and real income v

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