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a. Using the information below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each of the given years?


Year CPI Nominal Wage (dollars)
2011 224.9 $80,080
2012 229.6
2013 233.0
2014 236.7
Assume that your annual wage in 2014 was $85,000.
This represents ____



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