Suppose General Electric paid its line workers $10 per hour in 2017 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2018

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19-06-2024
Business

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Suppose General Electric paid its line workers $10 per hour in 2017 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2018

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