An article in the Wall Street Journal has the headline Don't Look Now, but Market Inflation Expectations

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An article in the Wall Street Journal has the headline "Don't Look Now, but Market Inflation Expectations Are Falling." If inflation turns out to be lower than households and firms had previously expected, will the actual real wage end up being higher or lower than the expected real wage? Will employment in the short run end up being higher or lower? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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