Explain why expectations of inflation affect the wages that result from labor-management bargaining.

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:48 AM

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Explain why expectations of inflation affect the wages that result from labor-management bargaining.

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Labor and management bargain over money wages but one suspects that they really c...View the full answer

Macroeconomics Principles And Policy

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