| http://www.w3.org/ns/prov#value | - In the past, notably during the 1970s and early 1980s, both the first-round and second-round effects of oil-price increases on inflation tended to be large, as firms freely passed on rising energy costs to consumers, workers reacted to the surging cost of living by ratcheting up their wage demands, and longer-run expectations of inflation moved up quickly.
|
