The key to a less-painful disinflation is to reduce the flexibility in nominal wages.

Name: The key to a less-painful disinflation is to reduce the flexibility in nominal wages.
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A less-painful disinflation typically involves reducing inflation without causing a significant increase in unemployment. Reducing the flexibility in nominal wages could actually make disinflation more painful, as it would hinder the adjustment of real wages to lower inflation, potentially leading to higher unemployment.

The Key to a Less-Painful Disinflation Is to Reduce the Flexibility