If workers fail to anticipate inflation increases, their real wages are likely to fall.

Name: If workers fail to anticipate inflation increases, their real wages are likely to fall.
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Question

Quizplus · Accepted Answer

If workers fail to anticipate inflation increases and their wages remain the same, the value of their wages will decrease in real terms as the cost of goods and services increases. This means they will be able to purchase fewer goods and services with their wages.

If Workers Fail to Anticipate Inflation Increases, Their Real Wages