V2. If your nominal wage rises from $10 to $10.50 per hour and the CPI is 5%, what happens to your real wage? Illustrate mathematically. (Hint: Remember to add 1.0 to .05)

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Chapter13: Inflation
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V2. If your nominal wage rises from $10 to $10.50 per hour and the CPI is 5%, what happens to your real wage? Illustrate mathematically. (Hint: Remember to add 1.0 to .05) 

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