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thanhha78 thanhha78
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6 years ago
If you negotiated a salary based on an anticipated inflation rate of 4%, and the actual inflation rate turned out to be 6%
A) your employer would have gained at your expense.
B) your real wage will increase, but your nominal wage will decrease.
C) the purchasing power of your wages will not change, since purchasing power is based on your nominal wage.
D) the purchasing power of your real wages would be more than you anticipated.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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6 years ago
Can't thank you enough for this, appreciate it!
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