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Now let's consider the issue of real versus nominal. Take a look at the wages of the two sectors. Did they rise or fall in
- Now let's consider the issue of real versus nominal. Take a look at the wages of the two sectors. Did they rise or fall in nominal terms year-over-year (2020Q1 to 2021Q1) and if so by how much (by sector)? However, what really matters in economics are real values.What were the changes in real wages earned by the two sectors? Explain how you came to this conclusion.
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
