Explain the price inflation and wage inflation, Microeconomics

Assignment Help:

What is the difference between Price inflation and Wage Inflation? 

Price inflation is the rate of enhance in the prices of goods and services whereas the wage inflation is rate of enhance in prices of factor of production.  

 


Related Discussions:- Explain the price inflation and wage inflation

The demand curve of monopoly, when does price and output determined in the ...

when does price and output determined in the unregulated monopoly

Sample survey and test marketing, Sample Survey and Test Marketing: Under...

Sample Survey and Test Marketing: Under this method some representative households are selected on random basis as samples and their opinion is taken as the generalized opinio

Compute numerically the equilibrium quantity, You are examining the effects...

You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a perfec

What is climate change, Q. What is Climate Change? Climate Change:As a ...

Q. What is Climate Change? Climate Change:As a consequence of cumulative emission of carbon dioxide (a by-product of fossil fuel use) and other chemicals over past two centurie

Explain fiscal policy, Fiscal Policy Fiscal policy refers to the manage...

Fiscal Policy Fiscal policy refers to the management of government spending and tax policies to influence total desired spending so as to achieve the desired level of economic

Disadvantages of state trading, Disadvantages of State Trading State tra...

Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu

Externality, When somebody wearing muddy shoes rides a public bus, he impos...

When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a

State property regime , State Property Regime Normal 0 ...

State Property Regime Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Determine the nominal reservation wage, Mikes' preferences for consumption ...

Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) =  ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200

Chemistry, Write the formulas to show the reactants and products for the fo...

Write the formulas to show the reactants and products for the following reactions. Assume that solutions are aqueous unless otherwise indicated. Represent substances in solutions a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd