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Business, 09.12.2021 03:00 nia3378

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: Multiple Choice 1.5 percent. 0 percent. 1 percent. 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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