First Sentence:
The term "incomes policy" is commonly employed to cover specific measures aimed at restraining the rate at which money incomes increase, by curbing the exploitation of market power by business and labor, professional, or other groups.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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pervasive unionization, large enterprise sector, stable market situation, moderating wage increases, incomes policy measures, auction market prices, strong demand conditions, union wage claims, contractual increases, nominal demand, moderate wage settlements, wage drift, widespread indexation, larger wage increases, rapid price inflation, indexation provisions, open sector, small enterprise sector, nominal expenditure, wage bargaining system, threshold agreements, restrictive demand management, statutory incomes policy, going exchange rate, coordinated wage bargaining
Key Phrases - Capitalized Phrases (CAPs):
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United States, United Kingdom, Federal Republic of Germany, World War, Phelps Brown, International Monetary Fund, Trade Union Federation, International Financial Statistics, Viet Nam, North America, Parity Commission, Western Europe, Bank of Canada, Foundation of Labor, Anti-Inflation Board, Economic Report of the President, General Motors, Contact Committee, Economic Surveys, Federation of Trade Unions, Central Planning Bureau, Conservative Government, European Economic Community, Price Commission, Bretton Woods
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