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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 32
Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel's real wages that year, and by what percentage had they changed?
Explanation
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Real wage is wage in terms of goods and ...
Microeconomics 9th Edition by Stephen Slavin
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