Word: contrator
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Dates: during 1960-1969
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...Gaullist government aims at holding price increases to 3% during the last half of this year. It is relying on what one Finance Ministry official calls "a battery of tools to regulate prices without actually enforcing price controls." Under the French contrat de programme, for example, thousands of industrial and retail firms have signed agreements not to boost prices beyond the government-specified 3%. Even so, some price gains have already overtaken the wage increases. The cost of draft beer has risen 10% in Paris, a loaf of bread now costs 120 instead of 100 (a 20% jump), and many...
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