Inflation in Australia: The Problem, Its Causes, Policy Responses
Third edition of a book which provides senior secondary economics students with an up-to-date account of Australia's recent experience of inflation, and examines the problems and interrelated forces at work in the economy. One of the TProblems in Australian Economics' series.
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Inflation in Australia
The causes of inflation
The effects of inflation
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achieved adverse effect after-tax real incomes aggregate demand argued Australia's inflation Australian dollar Australian economy average weekly earnings award wages billion borrowing Budget deficit cause of inflation consumer price index consumer spending consumption contributed crease decline demand-pull devaluation early economic growth effects of inflation employers exchange rate expected expenditure export factors financial assets funds gross domestic product gross national expenditure growth in money growth rates health and personal impact important industries inflation in Australia inflation occurs inflation problem inflation rate international competitiveness investment spending Japan Japanese yen labour market Liberal-NCP Government measure of inflation monetarist monetary policy money incomes money supply national wage official cash rate output overseas payroll tax percent period price level production public sector purchasing power rate of inflation real unit labour Reserve Bank rising inflation stance of fiscal Table tax rates taxation three per cent tion unemployment unit labour costs wage indexation wages pause