Question: Changes in average nominal wages are resulting from the total effect of different macroeconomic forces. Use the following notation to identify the correct equation. pi

Changes in average nominal wages are resulting from the total effect of different macroeconomic forces. Use the following notation to identify the correct equation. pi Superscript Upper Y Output-gap inflation Upper Deltaw Change in nominal wages pi Superscript Upper E Expected inflation pi Actual inflation pi Superscript Upper S Supply-shock inflation Question content area bottom

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