According to the equation for the Phillips curve, if nominal wages increase by 3% and productivity increases 2%, then inflation will change by

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The Phillips curve suggests that inflation is related to nominal wage increases adjusted for productivity. If nominal wages increase by 3% and productivity increases by 2%, the net effect on inflation would be a 1% increase, as inflation reflects the increase in nominal wages not offset by productivity gains.

According to the Equation for the Phillips Curve, If Nominal