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Crisis as Fate?
consumer price indexes in highly developed industrial nations
Prerequisites for Control of the Economy
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achieved active labor market aggregate demand Austria bank’s bargaining beneﬁts Britain budget Bundesbank capital central bank coalition competition conﬂict coordination countries crisis currency deﬁcit deﬁned devaluation difﬁculties dollar domestic economic policy effects employers employment policy European exchange rates expansionary expenditures export federal government Federal Republic ﬁght ﬁnally ﬁnance ﬁnancial ﬁrms ﬁrst ﬁscal policy full employment German mark goals government’s growth important incomes policy individual unions industrial nations inﬂation rate inﬂationary inﬂuence investment Keynesian labor market policy labor market programs macroeconomic ment monetarist monetary and ﬁscal monetary policy money supply neoclassical OECD ofﬁcials oil price OPEC participation party percent political price stability problems production proﬁts public sector real wages reduced reﬂected signiﬁcant social democratic social democratic government strategy supply-side Sweden Swedish Table tion unem unit labor costs wage agreements wage drift wage increases wage negotiations wage policy wage restraint West Germany workers