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Ethan Whitlow
on Oct 12, 2024

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In order for real wages to grow

A) productivity must grow.
B) productivity must fall.
C) money wages must grow.
D) money wages must fall.

Real Wages

Wages adjusted for inflation, reflecting the purchasing power of income and the true cost of living for workers.

Productivity

The efficiency of production of goods or services expressed as the ratio of output to inputs used, a key determinant of economic performance.

  • Grasp the significance of productivity growth on real wages.
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Kyrsten AllisonOct 17, 2024
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