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The nominal wage represents Question 9 options: the quantity of goods and services a worker can purchase in exchange for work time the dollar value

The nominal wage represents Question 9 options: the quantity of goods and services a worker can purchase in exchange for work time the dollar value of the goods and services a worker can purchase in exchange for work time real wages minus taxes paid on wages the most accurate measure for comparing employee standard of living across time real wages divided by the price level

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