What are the humanistic forces mentioned that influence economic data?
Phelps Says Standard Theory Doesn't Explain Low Inflation

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2.
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Discuss the relationship between low unemployment rates and inflation as presented in the text.
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3.
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How has the financial crisis affected workers' expectations regarding wage increases?
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What concerns do firms have that might prevent them from giving wage increases?
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What is the significance of productivity growth in the context of wage increases?
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