Answer to Question #105422 in Microeconomics for Nhlaphu Mulaudzi

Question #105422
Question 1

1-Explain what happens to real wages if the inflation rate is 7% and money wages increase by 5%.
1
Expert's answer
2020-03-17T09:33:41-0400

If the inflation rate is 7% and money wages increase by 5%, then the real wages will increase by 5 - 7 = -2% or decrease by 2%.


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