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irina [24]
4 years ago
9

Labor demands a higher wage to compensate for inflation, which leads to higher prices, then even higher wages. This is called a

wage-price spiral T OR F
History
1 answer:
PolarNik [594]4 years ago
5 0

The correct answer is TRUE.

The wage-price spiral is a macroeconomic theory that explains the existing causal effects behind sucessive price and wage increases.

This theory states that when there is an increase in wages, the income available for households rises too, leading to a larger demand of goods and services. If the demand-side grows too fast in a market, there is an excess of demand over the amount supplied and the market would adjust itself through a price increase. In this moment employees would demand higher wages to compensate for the inflation and to prevent their money from losing real value , so that they are able to consume the same amount of things with their salary as they could before. If wages increase, production costs for companies increase too and firms are forced to increase the market price of their products again in order to maintain their profit margins.

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He did push himself forward as a man of the people however, and his policies, (including the Indian Removal Act of 1830), were in the best interest of the American people, at least according to him and other Jeffersonian Republicans.  The belief of the Jeffersonian Republicans was that economic independence and political independence went hand in hand, and only through providing for themselves, through the owning of land, could a man truly be free.

Andrew Jackson also acted decisively in the face of the Nullification Crisis and threatened South Carolina with war when the option of secession was first put forward.  For his decisive action he was praised by the people as a preserver of the Union.  

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Major changed in the population of the United States that’s taken place since it’s beginning

U.S. population growth shows marked regional differences. While the West and South saw growth rates of 13.8 and 14.3 percent, respectively, over the last decade, the Midwest grew only by 3.9 percent, and the Northeast by a mere 3.2 percent. These figures reflect a movement of young people westward, as well as an immigrant population settling heavily in the south and west. According to the Pew Hispanic Center, the state with the largest share of foreign-born residents is California, with 26.9 percent. Another western state, Montana, posted the largest increase of foreign-born people over the last decade, with a 60.9 percent jump. The mean center of U.S. population has moved steadily westward and slightly southward since the first census, in 1790. Since that time, it has slowly shifted from Kent County, Maryland, to Plato, a town in southern Missouri. [See the 10 metropolitan areas with the highest population growth.]

The estimated population median age in 2009 was 36.8, up from 35.3 in 2000—a natural consequence of 77 million baby boomers pulling that figure upward with every passing year. The birth rate has also been relatively flat since the 1970s, and in 2009 posted the largest two-year drop in over 30 years, according to the Centers for Disease Control. Altogether, the elderly segment of the population is expected to increase dramatically. A Congressional Research Service report released this year projected that people 65 and older—currently constituting 13 percent of the population—would make up 20.2 percent of the U.S. population by 2050.

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