I've read in a few places that wages are affected by inflation and deflation later than other prices, but I can't find any books or articles that explain why this is so or that offer evidence to show that it is so. Can anyone please help me find something? Thanks.
I am new to economics. I’m still in college for electrical engineering. I read the daily articles religiously. And anything else I can get my hands on. Any recommendation would be appreciated. Is it possible for inflation to be good for the economy? I think that what would naturally come with the...