Suppose you received a 3 percent increase in your nominal wage
1- suppose you received a 3 percent increase in your nominal wage. over the year inflation ran about 6 percent. which of the following is true? a- your real wage fellb- your nominal wage fellc- both real and nominal waged decreased d- although your nominal wage fell your real wage increased e- both real and nominal waged increased 2- a decrease in person’s real wage necessarily […]