Cost-and demand-induced inflation
The current debate among economists concerning the origin of the continual rise in the general price level has resulted in two different explanations of this phenomenon. On the one hand is the view that wage increases, because they exceed increases in productivity, force the entrepreneur to raise pr...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-03-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11958 |