incomes policy definition

incomes policy

Measures through which a government attempts to control escalation in incomes (wages, salaries, dividends, rents) to restrain escalation in prices (inflation) without increasing unemployment. Believers in the cost push inflation theory are the greatest advocates of incomes policy, whereas believers in the demand push Inflation theory regard it as a supplement to fiscal measures. Monetarists (who believe inflation is caused by growth in money supply) consider it irrelevant in controlling inflation.

incomes policy is in the Economics, Politics, & Society subject.

incomes policy appears in the definitions of the following terms: inflationary spiral and wage and price controls

This content can be found on the following page:

http://www.businessdictionary.com/definition/incomes-policy.html