The problem with using "Real World" charts and graphs to describe any economic phenomenon is one thing. It breaks the cardinal rule of any economist "Assume the Market is Perfect".
"Wage-push inflation is an economic theory that states inflation occurs due to wages increasing. The theory claims that these higher wages will cause busin…
The problem with using "Real World" charts and graphs to describe any economic phenomenon is one thing. It breaks the cardinal rule of any economist "Assume the Market is Perfect".
"Wage-push inflation is an economic theory that states inflation occurs due to wages increasing. The theory claims that these higher wages will cause businesses to raise the price of their final goods, which can cause inflation."
This is a theory too. And I bet I can find more them one chart and graph that will debase it. The assumption of the perfect economy is the reason I have seen more then one superior mathematician ace a calculus test and completely pull their hair out in macro 101. But, in the end, I'm a follower. Due to JVLs opens I am setup to purchase my first NFT (a funny flying unicorn gremlin looking thing) and will soon own some of those Oculars Goggles. I haven't owned a gaming system since Nintendo. I am, however, probably one of the first to droves to fall in love with Zelda and beat Final Fantasy. Ah, the good ol days.
The problem with using "Real World" charts and graphs to describe any economic phenomenon is one thing. It breaks the cardinal rule of any economist "Assume the Market is Perfect".
"Wage-push inflation is an economic theory that states inflation occurs due to wages increasing. The theory claims that these higher wages will cause businesses to raise the price of their final goods, which can cause inflation."
This is a theory too. And I bet I can find more them one chart and graph that will debase it. The assumption of the perfect economy is the reason I have seen more then one superior mathematician ace a calculus test and completely pull their hair out in macro 101. But, in the end, I'm a follower. Due to JVLs opens I am setup to purchase my first NFT (a funny flying unicorn gremlin looking thing) and will soon own some of those Oculars Goggles. I haven't owned a gaming system since Nintendo. I am, however, probably one of the first to droves to fall in love with Zelda and beat Final Fantasy. Ah, the good ol days.