What people are saying - Write a review
We haven't found any reviews in the usual places.
myth and reality
Inflation in a single country
2 other sections not shown
accelerate aggregate demand Atlantic Community automatically average balance of payments cause cent central bank competition consumer prices control of inflation cost-push inflation costs of inflation country's demand management demand-pull discretionary fiscal policy domestic economic effects employers excessive demand expenditures export extent firms fiscal policy full employment Gardner Ackley higher prices impact important improved incomes policy industries inflation control inflationary gap inflationary pressures interest rates level of aggregate level of unemployment major countries market power measured ment monetary policy money incomes Moreover occur OECD offset period Phillips Curve political post-war potential output price changes price increase price level price stability price-incomes policies prices and wages prices rise private demand profits programmes rate of inflation rate of price real incomes redistributions reduce relative require social sure tend tion trade unions unemployment rate unit labour costs United Kingdom wage increases wage rates wages and prices workers