The Theory of Inflation |
Contents
Introduction | 1 |
Smithies The | 45 |
The Mechanism of Creeping Inflation | 65 |
Copyright | |
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Common terms and phrases
aggregate aggregate demand analysis argument available supplies average earnings average wage-earnings Bent Hansen change of money change of prices chapter commodity market constant consumption function cost inflation cost-inflation creeping inflation definition demand for labour demand inflation demand restriction demand-inflation denotes determined Dicks-Mireaux distinction effect equation 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 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 price level price rise profit rate of change rate of growth rate of increase ratio real consumption reduce relationship Review of Economic sector Smithies theory of inflation time-workers unemployment unit United Kingdom Vandome variables wage-drift zero αβ