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“I’d rather have a 1% pay cut when prices fall by 3% than a

Paper help Economics “I’d rather have a 1% pay cut when prices fall by 3% than a

Economics

“I’d rather have a 1% pay cut when prices fall by 3% than a

“I’d rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflati… Show more “I’d rather have a 1% pay cut when prices fall by 3% than a 5% pay increase when the rate of inflation is 8%.” This is an example of: A. Irrationality B. Rising real wage C. Deflation always being better than inflation D. Excessive aggregate demand • Show less

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