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 Year 2011 2012 2013 2014 CPI 228.3 233.7 235.3 240.8 Nominal Mage (dollars) $80,500 b. Assume that your annual wage in 2014 was $85.540. This represent (Click to select) a nominal raise but a decline in the real wage a nominal raise and a constant real wage a decline in both nominal and real income an increase in both nominal and real income