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Let's assume that the general price level and your nominal wage are increasing in a given year.However, if your nominal wage is increasing at a

Let's assume that the general price level and your nominal wage are increasing in a given year.However, if your nominal wage is increasing at a slower rate than the general price level in the economy, then:

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your purchasing power is increasing.

your real wage is declining.

your nominal wage is declining.

your real wage is increasing.

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