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Inflation and Labour

  • J. Wilczynski

Abstract

Inflation can be defined as a situation in the economy where the volume of money purchasing power persistently exceeds the supply of goods and services, inducing a continuous rise in the price level and a consequent decline in the value of money. In the context of different economic systems, it is useful to make distinctions between different types of inflation.

Keywords

Price Increase Real Wage Wage Increase Inflationary Pressure German Democratic Republic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Recommended Further Reading

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Copyright information

© Jozef Wilczynski 1983

Authors and Affiliations

  • J. Wilczynski
    • 1
  1. 1.University of New South Wales at DuntroonRoyal Military College, DuntroonCanberraAustralia

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