Assume worker productivity increased at the rate

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Relation between Productivity Growth and Inflation

Suppose worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressures?

Reference no: EM1329620

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Assume worker productivity increased at the rate : Assume worker productivity increased at the rate what rate of increase in RGDP would be sustainable without increasing inflation pressures.

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