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Year Nominal Wage Price Level (P) Real Wage (w) (W) 2018 2400 75 2019 2700 30 2020 100 33 5 Points a. Did the real

Year Nominal Wage Price Level (P) Real Wage (w) (W) 2018 2400 75 2019 2700 30 2020 100 33 5 Points a. Did the real wage increase between 2018 and 2019 b. When do we have the lowest inflation rate? c. What is the growth rate of nominal wage in 2020

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