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Suppose that the economy consists of two groups of individuals: 1.) Producers-sellers who produce and sell goods and services 2.) Wage earners who work for

Suppose that the economy consists of two groups of individuals: 1.) Producers-sellers who produce and sell goods and services 2.) Wage earners who work for wages and buy goods and services. If there is an inflation rate of 55% and nominal wages increase by 22%

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