Business, 06.11.2019 06:31 datboulreese4048

6. the effects of inflation suppose friendly airlines is considering signing a long-term contract with the union representing its pilots. friendly airlines and the union both agree that real wages should increase by 2%. inflation is expected to be 3%, so they agree on a 5% nominal wage increase. now, suppose inflation turns out to be higher than expected, coming in at 4%. this union and airlines because the real wage increase would now be .

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6. the effects of inflation suppose friendly airlines is considering signing a long-term contract wi...

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