To: Protagoras
The example states that higher production (labor) costs could trigger inflation, because of a likely demand for higher wages.
305 posted on
07/12/2005 10:36:00 AM PDT by
Realism
(Some believe that the facts-of-life are open to debate.....)
To: Realism
The example states that higher production (labor) costs could trigger inflation, because of a likely demand for higher wages.The example is incorrect.
Inflation is a monetary phenomenon.
308 posted on
07/12/2005 11:26:32 AM PDT by
Protagoras
(Now that the frog is fully cooked, how would you like it served?)
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