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In 1997,weekly Payrolls in Manufacturing Were $553,while the Consumer Price

Question 3

Multiple Choice

In 1997,weekly payrolls in manufacturing were $553,while the consumer price index was 161 (1982-84 = 100) .In terms of base-period dollars,real weekly earnings for the quarter were


A) identical to real weekly earnings in 1982-84.
B) greater than $553.
C) equal to $553.
D) less than $553.
E) impossible to determine from the information given.

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