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Explain:

Apply:

How to calculate real wages using inflation and deflation
How to calculate real wage percentage changes
How to calculate nominal interest rates using anticipated inflation or anticipated deflation
How to calculate nominal or real interest rates using unanticipated inflation or unanticipated deflation.
How to calculate the CPI
How to calculate the percentage change in the CPI

You want to watch my short 15 minute video on Aggregate Supply and Aggregate Demand FIRST:

Then watch my chapter lecture:

Watch the Chapter 10 Video Lecture

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