Macroeconomics 13th Edition by William Baumol ,Alan Blinder

تمرين 13

Average hourly earnings in the U.S. economy during several past years were as follows:

Use the CPI numbers provided on the inside back cover of this book to calculate the real wage (in 1982-1984 dollars) for each of these years. Which decade had the fastest growth of money wages Which had the fastest growth of real wages