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P R Paterson 1979 Why Unemployment Benefit
P Barry 1978 An Indicator of Central Bank Policy
Part Two Theories of Unemployment and Inflation
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adjustment aggregate demand Arbitration Commission argue argument assets average award wage rates base money behaviour budget deficit capital cause cent changes cost-push countries demand for money discretionary fiscal policy discussion domestic econometric economists effects excess demand exchange rate expansionary expected rate factors fall females figures fiscal policy full employment hence higher important incomes policy inflation in Australia inflation rate inflationary influence interest rates investment Keynesian labour force labour market level of unemployment males measures ment monetarist monetary base monetary growth monetary policy money supply money wages Nevile nominal demand output paper part-time participation rate period Phillips curve ployment potential output price increases price level rate of growth rate of inflation ratio real wage overhang recession reduce relative relevant Reserve Bank rise short run stagflation target teenage theory tion trade unions unem unemployed unemployment benefits variables volume of money wage and price wage increases