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Assume that you are the economist for a union representing workers in a particular industry. The union's goal is to maximize their members remuneration. You
Assume that you are the economist for a union representing workers in a particular industry. The union's goal is to maximize their members remuneration. You are negotiating a new collective agreement.
What specific macroeconomic measure of the cost of living would you utilize and how, to determine the wage increase that you should bargain for in order to maintain your real wage?
Please provide me full explanation taking to consider some aspects like unemployment, Inflation, GDP
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