Measuring Inflation , Nominal Vs Real Incomes & Interest Rates , Cost of inflation

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– Suppose that your annual salary in 1997 was $50000 and rose to $62000 by the year 2000. If during that same time the CPI rose from 160 to 175, what was the % increase in your “real wage” over this three period?

– Agree or disagree with the following statements and explain your reasoning: A) The maj…

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