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Relative Wages and the Rate of Inflation

George A. Akerlof

The Quarterly Journal of Economics · 1969 · Volume 83 · Issue 3

DOI: 10.2307/1880526

Abstract

I. Introduction, 353. — II. A price-price inflation, 355. — III. A wage-wage inflation, 363. — IV. Spontaneous inflations and general equilibrium, 371. — V. Conclusions, 373.

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