Titlebook: Wage Inflation; John Burton Textbook 1972Latest edition Macmillan Publishers Limited 1972 economics.flat.Inflation.macroeconomics

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interference

Macmillan Studies in Economicshttp://image.papertrans.cn/w/image/1020145.jpg

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https://doi.org/10.1007/978-1-349-01407-1economics; flat; Inflation; macroeconomics

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Incomes Policy: Goals, Instruments and Effects,ted-is that the contemporary governmental objectives of less inflation and high employment may be, in some degree, mutually preclusive. Viewed from this policy angle, the Phillips curve defines a macro-economic choice frontier or trade-off relationship between the ‘bads’ of inflation and labour-market slackness.

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Theories of Inflation,ubsequently the meaning of the terms cannot be adequately imparted by terse definitions. A clearer understanding is achieved by examining them more slowly, in the context of the matters raised in Section 2.

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The Micro-Economics of Wage Inflation, to these new ideas, it is that they all breach the ‘perfect information’ assumption (s) of the orthodox perfect competition model in some manner. In the latter model of market behaviour the assumptions are made that: