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Suppose inflation is expected to be 5 % next year, and you and your employer agree to a 6 % increase in your nominal, or
Suppose inflation is expected to be 5% next year, and you and your employer agree to a 6% increase in your nominal, or monetary, wage. Inflation turns out to be 5%, what is your nominal increase?
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Why Nations Fail The Origins Of Power, Prosperity, And Poverty
Authors: Daron Acemoglu, James Robinson
1st Edition
0307719227, 9780307719225
