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QUESTION 43 Last year you earned $10 per hour and the price level was $2.50. This year you earn $12 per hour and the price

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QUESTION 43 Last year you earned $10 per hour and the price level was $2.50. This year you earn $12 per hour and the price level is now $3. Based on this information, your nominal wage increased, but your real wage decreased. your nominal wage and your real wage increased. your nominal wage increased but your real wage remained constant. your nominal wage remained constant but your real wage increased

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