... are expressed in terms of money which has cheapened and consequently, at least to some extent, caused both wages and general prices to increase. When money is becoming cheaper both wages and prices tend in general to rise together; when money is becoming... Introduction to Mathematical Statistics - Page 80by Carl Joseph West - 1918 - 150 pagesFull view - About this book
| Frederick Charles Kent - Statistics - 1924 - 204 pages
...highly correlated. But much of this apparent relation is due to the fact that both wages and prices are expressed in terms of money, which has cheapened...wages and prices tend, in general, to rise together; and when money is becoming dearer, both wages and prices tend, in general, to fall together. Such variaCORRELATION... | |
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