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Definitions
Wage Freeze
Wage Freeze
Inflation Control
Labor Economics
Price Regulation
Wages
An economic measure imposing a ban on changes in wages, mostly to control inflation as part of a prices and incomes policy.
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Definitions
Wage Rate
Wage Rate
Labor Economics
Income
The rate per hour paid for work of a given type
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Definitions
Wage Resistance
Wage Resistance
Labor Economics
Real Wages
Nominal Wages
Inflation
Examination of the difficulty in reducing wages, either in real or nominal terms.
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Definitions
Wage Rigidity
Economics
Wages
Labor Market
The tendency of wage rates to be ‘sticky’ and not adjust to clear the market in the short run.
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Definitions
Wage Round
Labor Economics
Collective Bargaining
Wages
Unions
A period of regular pay negotiations, usually when employees are unionized.
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Definitions
Wage-Push Inflation
Inflation
Wages
Economics
A type of inflation triggered by increases in wages.
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Definitions
Wage–price spiral
Economics
Inflation
Wages
Prices
Cost Inflation
Understanding the wage–price spiral, a phenomenon where wage and price increases perpetuate each other, contributing to ongoing inflation.
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Definitions
wage(s) - Definition and Meaning
Wages
Employee
Compensation
Labor Economics
Understanding Wage(s): Payment for work performed by employees, typically calculated based on hours worked, and contrasts with salaries received by independent contractors.
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Definitions
Wagner’s Law
Wagner's Law
Public Sector
Economic Growth
Adolph Wagner
An observation by Adolph Wagner on the increasing share of the public sector in GDP over time
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Definitions
Wald Test
Econometrics
Statistical Methods
Hypothesis Testing
The Wald Test is utilized for testing restrictions on unknown parameters based on the maximum likelihood estimation.
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Definitions
Wall Street: Definition and Meaning
Wall Street
Finance
Economics
Financial Markets
New York
Insight into the symbolic and functional epicenter of high finance in the United States
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Definitions
Walras's Law - Definition and Meaning
Walras's Law
Economic Theory
General Equilibrium
An examination of Walras's Law, which asserts that the value of excess demand in an economy is always zero.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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