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Economics
MEDIUM
ENGLISH
Economics
If workers and firms agree on an increase in wages based on their expectations of inflation and inflation turns out to be more than they expected ?
A
none of these answers
Option A
B
Workers will gain at the expense of firms
Option B
C
neither workers nor firms will gain because the increase in wages in fixed in the labor agreement
Option C
firms will gain at the expense of workers.
Correct answer
Correct answer: D
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