The demand by employees to receive a higher salary for their services when prices rise, to offset the loss in purchasing power. – Efforts to repair as best as possible the damage that has occurred following inflation. In Germany, in the wake of monetary devaluation after World War I (1914-1918) and World War II (1939-1945), legislative organs, authorities, and courts of all instances were engaged for decades in regulating and arbitrating the damaging consequences of inflation on legal relations. – See monetary stability, mortgage profit levy, index wage, purchasing power equalization, middle class, squeezed, path inflation, second-round effects.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
Passende Formel
Inflationsrate
Die prozentuale Veränderung eines Preisindex zwischen zwei Perioden bestimmen.
Variablen: π Inflationsrate in Prozent; P Preisindex.
Anwendung: Für Verbraucherpreisindex, BIP-Deflator und andere Preisindizes.