Titlebook: An Incomes Policy for the United States; New Approaches Michael P. Claudon (Associate Professor of Economi Book 1981 Martinus Nijhoff Publi

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Innovative Incomes Policies: ,t of a temporary lapse in macropolicy or of OPEC’s misbehavior, but that it is the payoff of following employment-oriented policies rather than price level-oriented policies. Once the public realizes that the government will try to keep recessions short, it responds to falling demand, not by reducin

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OASIS

Alveolar-Bone

https://doi.org/10.1007/978-3-663-02207-7l of the economic indicators, and as a result, their influence grew. Even in those halcyon days, however, structural problems did not go unrecognized, and some experimentation with wage-price guidelines and manpower programs occurred. Nevertheless, these policies were clearly an addendum to the macro text.

Counteract

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Commentary

Chauvinistic

,Eine Kiste geht auf gro?e Fahrt,ding to keep the economy functioning in spite of the rising wages and prices. But to counter charges that governmental spending is responsible for the inflation, the government restrains the increase in spending while there is still substantial unemployment. There is then too little speeding for full employment and we get stagflation.

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“Incentives-Based” Stabilization Policies and the Evolution of the Macroeconomic Probleme supply of output in real terms is unchanged, there will, of course, tend to be a rise in prices — more money will be offered for the same amount of goods and a given amount of money will buy less in the way of goods than before.

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