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How does the relationship between wages and inflation impact the overall economy?
The relationship between wages and inflation in the economy is interconnected. When wages increase, it can lead to higher consumer spending, which can drive up demand for goods and services. This increased demand can then lead to inflation as prices rise. On the other hand, if wages do not keep up with inflation, it can lead to a decrease in purchasing power for consumers, which can slow down economic growth. Overall, the balance between wages and inflation is crucial for maintaining a stable and healthy economy.
How did World War 2 affect the economy?
it increased wages
How did World War 2 affect economy the economy?
it increased wages
What are freedom wages?
In American history 1 what are freedom wages
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
What is the US economy based on?
what is Canada's economy absed on
How did World War 2 affect economy?
it increased wages
Did World War 2 affect the economy?
it increased wages
How did the World War 2 affect economy?
it increased wages
What is purpose of wages?
to help the worker and to help the economy of the country
What economy is the US?
Capitalism: wages system, production for profit, ownership by a tiny minority
Is the economy of the US called?
Mixed Economy
