Rudd, Jeremy B. (contributor); Whelan, Karl (contributor) - 2005
could result in higher employment. But a fully anticipated
increase in prices would be fully re ected in nominal wage … as the \accelerationist hypothesis," since an
acceleration in prices (an increase in the rate of in ation) would occur … acceleration in the early 1970s led to
food, energy, and/or import prices receiving special treatment in empirical descriptions of …