When comparing the money wages of today's workers to the money wages workers earned 10 years ago,it is necessary to adjust the nominal wages by
A) indexing the money wages in each period to today's price index.
B) deflating the money wages in each period with today's price index.
C) indexing the money wages in each period with the price indices of the respective periods.
D) deflating the money wages in each period with the price indices of the respective periods.
E) deflating the money wages in each period with the price index of the past period.
Correct Answer:
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