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If the increase in the price level exceeds nominal wage growth, real wage growth is negative. a. True b. False
If the increase in the price level exceeds nominal wage growth, real wage growth is negative.
| a. | True | |
| b. | False |
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
