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Bent Hansens Excess Demand Analysis
The Mechanism of Creeping Inflation
4 other sections not shown
aggregate aggregate demand analysis argument available supplies average earnings average wage-earnings cent per annum change of money change of prices chapter commodity market commodity prices constant consumption function cost inflation cost-inflation creeping inflation definition demand for labour demand inflation demand restriction demand-inflation denotes determined Dicks-Mireaux Economic effect excess demand factor-services Gardner Ackley given growth of YF Holzman hyperinflation hypothesis implies increase in negotiated inflationary conditions inflationary gap inflationary pressure inflationary process inflationary situation inflexible Keynesian labour-services m.c. curve marginal cost marginal revenue monetary pressure money wage-earnings money wages national income negotiated rates negotiated wage-rates output percentage rate perfect competition piece-workers planned purchases pressure of inflation previous period price equation price level price rise profit quarter question rate of change rate of growth rate of increase ratio real consumption reduce relationship sector Smithies Theory of Inflation time-workers unemployment unit variables wage-drift zero