Question
If the price level falls by 4 percent in a year and nominal wages decrease by 2 percent, then real wages will Multiple Choice increase
If the price level falls by 4 percent in a year and nominal wages decrease by 2 percent, then real wages will Multiple Choice increase by 2 percent. decrease by 2 percent. increase by 6 percent. decrease by 6 percent.
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
