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Business, 07.07.2020 16:01 Elijah7934

Suppose the aggregate price level rose to 105 in 2016. If GE gives its line workers a cost of living adjustment using inflation as calculated by the CPI, then:. a. nominal wage increases by 5%.
b. real wage increases by 5%.
c. the purchasing power of wages increases by 5%
d. real wages are indexed by 5%.

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