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Question
For real wages to increase, which of the following must be true?a. An employee's wage increase must be greater than the increase in the consumer price index (CPI).
b. An employee must receive a lump-sum wage increase equal to the increase in the consumer price index (CPI).
c. An employee's wage must simply increase with out the influence of consumer price index (CPI).
d. The consumer price index (CPI) must increase at least as much as the employee's wage.
Answer
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