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through which a
in incomes (wages, salaries, dividends, rents) to restrain escalation in prices (inflation) without increasing
. Believers in the
cost push inflation
are the greatest advocates of incomes policy, whereas believers in the
theory regard it as a
measures. Monetarists (who believe inflation is caused by growth in money supply) consider it irrelevant in controlling inflation.
elasticity of d...
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Mentioned in These Terms
tax based incomes policy
tax-related incomes policy (TIP)
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