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Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was238in 2014 and 240 in 2015. The rate

Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was238in 2014 and 240 in 2015. The rate of inflation between 2014 and 2015 was therefore %. (Note:Calculate this to two decimal places.) From 2014 to 2015 your real wages _______ (Stayed the same, decreased or increasaed )pick one .

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