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Weintraub's Wage-Cost-Markup (WCM) Model of Inflation

1. Weintraub's Wage-Cost-Markup (WCM) Model of Inflation. Initial points: Inflation is partly the consequence of the never ending struggle over the distribution of income between various groups--e.g., unionized workers, professionals, retirees, public sector employees, and so forth.

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Average money wage times - PowerPoint PPT Presentation

Weintraub's Wage-Cost-Markup (WCM) Model of Inflation