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3. Ceteris Paribus, if workers and firms expected prices to rise by 2% but instead they rise by 3%, what would happen to employment? What would

3. Ceteris Paribus, if workers and firms expected prices to rise by 2% but instead they rise by 3%, what would happen to employment? What would happen to real output?

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Other things being constant,if workers and firms expected prices to rise by 2% but instead they rise by 3% the rate of... View the full answer

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