Compensation Glossary

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Inflation

A phase of the business cycle characterized by abnormally high prices, a decrease in the purchasing power of money, and spiraling costs and wage rates. Inflation may occur when purchasing power is in excess of goods and services for sale, and/or buyers stampede to convert money into commodities or when production costs and prices advance to consecutively higher levels.

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Course
Page Number
78 - Salary Increase Planning
3
04 - Organization Salary Determinations
18
92 - Expatriate Compensation
12
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