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Business, 22.04.2020 18:58 Bellzers8328

Given the basic rule of thumb for the relationship among inflation, productivity and nominal wage increases, if wages rise by 2 percent and productivity increases 1 percent, one would predict inflation to be:a. 0 percentb. 1 percentc. 1.5 percent. d. 3 percent.

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Given the basic rule of thumb for the relationship among inflation, productivity and nominal wage in...
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