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Your employer calls you in for your annual performance review. You find out that you will receive a wage increase of 2.5% this year. You

Your employer calls you in for your annual performance review. You find out that you will receive a wage increase of 2.5% this year. You go online and find that the CPI this year is 138.6 while the CPI last year was 136.9. Based on what you learned about "real income" in Econ121, explain why you are or are not happy with your wage increase. Explain fully and show your work.

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