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John M Blair
P Sargant Florence
Joel B Dirlam
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administered prices administrative inflation aggregate demand annual rate average billion Blair Britain British cartel Chart Common Market competition concentrated industries concentrated products concentration ratios consumer prices consumers price index cost-push countries creases cyclical decline decreases demand-pull direct costs Dirlam earnings economic economists effect employers enterprises European excess exports firms foreign trade France French full employment groups growth higher important income industrial prices less manufacturing marginal cost market power ment mergers monetary monopoly power OECD oligopolistic oligopoly output percentage period price behavior price change price control price increases price level price rise prices and wages problem profit margins recession reduced reflation relatively result retail price retail price index rose sectors share socialist Source Soviet stability stagflation statistical steel strike structure substantial supply Table tion trade unions unconcentrated unem unemployment United upward wage increases wage rates West Germany wholesale price index workers