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Business, 17.09.2019 22:20 serenityharmon1
Real wages, nominal wages, and unexpected changes in the price level erin currently earns a wage of $10.00 per hour; in other words, the amount of her paycheck each week is $10.00 per hour times the number of hours she works. suppose the price of apple juice is $2.00 per gallon; in this case, erin's wage, in terms of the amount of apple juice she can buy with her paycheck, is of apple juice per hour.
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