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static expectation
stat·ic ex·pec·ta·tion (plural stat·ic ex·pec·ta·tions)


noun 
Definition:
 
belief in fixed wages and prices: the belief that current levels of prices and wages will continue into the future
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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