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In the mid-1970s, when inflation rates rose rather quickly and surprisingly, what occurred? Group of answer choices Nominal wages and unemployment fell. Real wages and

In the mid-1970s, when inflation rates rose rather quickly and surprisingly, what occurred?

Group of answer choices

Nominal wages and unemployment fell.

Real wages and employment rose.

Nominal wages and the value of personal assets rose.

Real wages and the value of personal assets fell.

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