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If the new inflation exists how serious is the prospect?
The impact of secular inflation
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action adjustment AFL-CIO American Assembly American Bankers Association appears attempt balance bargaining behavior capital classical inflations competitive controls crease credit policies credit restriction creeping inflation differentials dollar duction earnings effect employers escalator clause excess demand exist FABRICATED METAL factor favorable firms fiscal and credit forces Fritz Machlup gold groups important increase in productivity increasing productivity industries industry-by-industry inflationary pressures inflationary trend interest investment John Dunlop John Maurice Clark Joint Economic Committee labor less limits long-term market power means ment monetary money incomes money stock nomic non-inflationary numbers organized output price increases price level price reductions prices and wages product per worker production and employment prospect pushed-up inflation question raise rate of increase real income real wages remedies requirements response result rise runaway share standard structure supply tends tion U.S. Congress union upward wage demands wage increases wage rates wage-costs wages and prices wartime