Suppose the real wage of a worker remains unchanged between Year 1 and Year 2 but the nominal wage decreases from $20 in Year 1 to $18 in Year 2. This implies that the price level has _____
Fill in the blank(s) with the appropriate word(s).
fallen by 10 percent.
Economics
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Which fishery has the greatest market value in terms of its catch?
A. Blue crab B. Pacific cod C. Pacific halibut D. Walleye pollock
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