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Wages Rising Faster than Prices Paychecks in Kansas are growing

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Question;Wages Rising Faster than Prices Paychecks in Kansas are growing, according to the U. S. Department of Labor. Jacqueline Midkiff, with the department?s office in Kansas City, says the average overall increase across the board through the Midwest, is 1.9 percent over this time last year, while inflation grew at 1.4 percent for the same time period.Source: Kansas Public Radio, August 1, 2012Explain how ? the average overall increase across the board? wage increase will influence aggregate supply.

 

Paper#56656 | Written in 18-Jul-2015

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