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content area top Part 1 Changes in average nominal wages are resulting from the total effect of different macroeconomic forces. Use the following notation to

content area top Part 1 Changes in average nominal wages are resulting from the total effect of different macroeconomic forces. Use the following notation to identify the correct equation. pi Superscript Upper Y Output-gap inflation Upper Deltaw Change in nominal wages pi Superscript Upper E Expected inflation pi Actual inflation pi Superscript Upper S Supply-shock inflation Question content area bottom

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