Question:

The long-run trend of real wages:?

by Guest31992  |  earlier

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a. cannot be determined from available data on nominal wages and the price level.

b. has been downward because the price level has risen faster than nominal wages.

c. has been downward because labor's share of the domestic income has fallen.

d. has been upward

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1 ANSWERS


  1. If you include the   cost of benefits they are up, but not nearly as much as GDP per capital

    http://www.visualizingeconomics.com/2007...

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