Id rather have a 1 pay cut when prices fall by 3 than a 5
"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
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id 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
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