John Maynard Keynes [kanes] argued in The Economic Consequences of the Peace that if left unchecked or controlled by force of law, this phenomenon would lead to relaxed production.
John Maynard Keynes [kanes] argued in The Economic Consequences of the Peace that if left unchecked or controlled by force of law, this phenomenon would lead to relaxed production. Several economists incorrectly predicted that quantitative easing would cause this phenomenon to become a major problem. One theory posits that a back-and-forth between wage hikes and price increases creates a "spiral" that leads to the "cost-push" form of this. Name this trend of the supply of money, and subsequently prices, to rise over time.
John Maynard Keynes [kanes] argued in The Economic Consequences of the Peace that if left unchecked or controlled by force of law, this phenomenon would lead to relaxed production.
(hyper) inflation