Business, 10.10.2019 21:00 lillieannereed

Suppose specific automakers is considering signing a long-term contract with the union representing its workers. specific automakers and the union both agree that real wages should increase by 2%. inflation is expected to be 5%, so they agree on a 7% nominal wage increase. now, suppose inflation turns out to be higher than expected, coming in at 6%. this would the union and specific automakers because the real wage increase would now be

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