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The money wage rate is $10 per hour and the price level is 100. If the money wage increases to $12 but the price level
The money wage rate is $10 per hour and the price level is 100. If the money wage increases to $12 but the price level does not change, what happens to the real wage rate?
Group of answer choices
The real wage rate doubles.
The real wage rate rises but does not double.
The real wage rate does not change.
The real wage rate falls.
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