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Business, 25.03.2020 05:37 monicagalarza

Workers at a local mining company are paid $25.60 per hour, and they have incorporated a 3 percent annual raise in their contracts to account for expected inflation. Explain how unexpected inflation of 5 percent will affect the real wage and the unemployment rate. Of workers accurately predict the rate of inflation, is there a short-run trade-off between inflation and unemployment, as predicted by the Phillips curve

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Workers at a local mining company are paid $25.60 per hour, and they have incorporated a 3 percent a...

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