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Wage and price determination
its measurement and costs
7 other sections not shown
adaptive expectations aggregate demand average cost benefit cause of inflation cent changes Chapter cost-plus pricing DD unemployment demand for labour demand for money demand-side policies determined discussed economic effect Employment Gazette equilibrium rate expected rate factors factors of production firm's firms government expenditure graph gross domestic product households illustrated in Fig incomes policy inflation rate inflation-unemployment curve interest rate labour force labour market Laspeyres index long-run macroeconomic measures ment monetarist monetary money supply money wage MRPL national income natural unemployment number unemployed original Phillips curve output Paasche Paasche index period price level prices and incomes problems profit margin quantity rate of inflation rate of interest rate of national real labour costs real wage reduce relationship Retail Price Index rise school-leavers shift short-run statistics supply of labour Table taxation trade union militancy unem unemployment and inflation unemployment percentage unemployment-income curve wage inflation wage rates workers