wage-price restraints - ορισμός. Τι είναι το wage-price restraints
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Τι (ποιος) είναι wage-price restraints - ορισμός

ECONOMIC CONCEPT
Price/wage spiral; Wage/price spiral; Wage price spiral

Wage-price spiral         
In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. Greg Mankiw writes, "At some point, this spiral of ever-rising wages and prices will slow...
Price/wage spiral         
In macroeconomics, the price/wage spiral (also called the wage/price spiral or wage-price spiral) is a theoretical concept that represents a circle process in which wage increases cause price increases which in turn cause wage increases, possibly with no answer to which came first. According to the concept, it can start either due to high aggregate demand combined with near full employment or due to supply shocks, such as an oil price hike.
Price controls         
  • World War II poster about US price controls
  • A World War II-era shop display promoting price controls.
  • Protesters call for an increased legal [[minimum wage]] as part of the "Fight for $15" effort to require a $15 per hour minimum wage in 2015. A government-set minimum wage is a price floor on the price of labour.
GOVERNMENTAL RESTRICTIONS ON THE PRICES THAT CAN BE CHARGED FOR GOODS AND SERVICES
Price control; Price freeze; Fixed price system; Maximum price; Prices control; Price Controls; Administered price; Administered pricing; Liberalization of prices; Regulate the price; Set the price
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage.

Βικιπαίδεια

Wage-price spiral

In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. Greg Mankiw writes, "At some point, this spiral of ever-rising wages and prices will slow... In the long run, the economy returns to [the point] where the aggregate-demand curve crosses the long-run aggregate-supply curve."