... such cuts. A 2-percent wage cut in a zero-inflation world is, in real terms, the same as a 3-percent raise with 5-percent in-flation, but workers do not always see it that way. The 2-percent wage ... a supply-and-demand diagram, as inFigure 1-5 . The demand curve shows the relationship between the quantity ofpizza demanded and the price of pizza, while holding aggregate income con-stant. ... citizens saw high rates of in-flation wipe out their ruble-denominated savings.And, as Lenin would have predicted, this infla-tion put the country’s burgeoning capitalist sys-tem in serious jeopardy.10John...