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10 cards from this deck
Hybrid - market forces + institutional protections
extNominalwagegrowth−extInflation ext{Nominal wage growth} - ext{Inflation}extNominalwagegrowth−extInflation
2.1% per year
0.6% per year
Highest in the OECD
Cycle: high prices → wage demands → costs → prices repeat
3.7%
7.8%
-4.1% (wages grew less than inflation)
Around 60%
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