Business, 03.03.2020 22:58 musicaljay1276

4. The effects of inflation 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 3%. Inflation is expected to be 6%, so they agree on a 9% nominal wage increase. Now, suppose inflation turns out to be higher than expected, coming in at 7%. This would the union and Specific Automakers because the real wage increase would now be .

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4. The effects of inflation Suppose Specific Automakers is considering signing a long-term contract...

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