suppose general electric paid its line workers $10 per hour in 2017 when the consumer price index was 100. suppose that deflation occurred and the aggregate price level fell to 85 in 2018. instructions: round your answers to two decimal places. a. ge needed to pay its workers $ in 2018 in order to keep the real wage fixed at $10. b. ge needed to pay its workers $ in 2018 if it wanted to increase the real wage by 12 percent. c. if ge kept the wage fixed at $10 per hour in 2018, in real terms, its workers got a % increase in wages.
