WAGE PRICE SPIRAL
Wage Price Spiral refers to a theory that explains the cause-and-effect relationship of rising wages and rising prices. It suggests that as wages are raised, the disposable income also increases. Furthermore, the demand for goods will also rise, causing the prices to also become higher. Higher prices would then cause a demand for higher wages, which could result to higher production costs and more upward pressure on prices.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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