The Effects of Price and Wage Flexibility on Cyclical Contraction

Rendigs Fels

The Quarterly Journal of Economics, 1950, vol. 64, issue 4, 596-610

Abstract: Introduction, 596. — I. Wage flexibility, 599. — II. Flexibility of the unit overhead-plus-profit margin, 603. — III. Price flexibility in particular types of industries, 604. — IV. Some historical cases, 606.

Date: 1950
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