TITLE

INFLATION VERSUS UNEMPLOYMENT: ANOTHER VIEW OF THE TRADE-OFF

AUTHOR(S)
Wallack, Stanley S.
PUB. DATE
November 1971
SOURCE
Monthly Labor Review;Nov71, Vol. 94 Issue 11, p49
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Discusses the trade-off between unemployment and inflation in the U.S. Relationship between wage and price changes which depend on a constant rate of productivity increase; Use of Phillips curve; Market and nonmarket forces that affect the rate of aggregate and manufacturing sector wage changes; Equation depicting the relation of variables to the rate of change in manufacturing compensation.
ACCESSION #
5990755

 

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