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The Phillips curve is an economic model, named after Bill Phillips, that correlates reduced unemployment with increasing wages in an economy. [1] While Phillips did not directly link employment and inflation, this was a trivial deduction from his statistical findings.
When the highway was under construction, its proposed toll was $1.50 (equivalent to $26.00 in 2023 [110]) for a one-way car trip; a round trip would cost $2.00 (equivalent to $34.00 in 2023 [110]). Trucks would pay $10.00 (equivalent to $172.00 in 2023 [110]) one way. Tolls would vary for motorists who did not travel the length of the turnpike ...
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An early use of the concept was in 1868. The term "wage-price spiral" appeared in a 1937 New York Times article about the Little Steel strike.In the 1970s, US President Richard Nixon attempted to break what he saw as a "spiral" of prices and costs, by imposing a price freeze, with little effect.
New rates took effect Oct. 1.
Electronic toll collection is a wireless system to automatically collect the usage fee or toll charged to vehicles using toll roads, HOV lanes, toll bridges, and toll tunnels. It is a faster alternative to toll booths , where vehicles must stop and the driver manually pays the toll with cash or a card.
Tolls would increase by 25 cents on Jan. 5, 2025, followed by additional 25-cent increases between 2026 and 2028, in addition to automatic toll hikes based on inflation.
The ramp tolls cost $3.40 using toll-by-plate and $1.50 using E-ZPass for passenger vehicles. [ 8 ] All-electronic tolling was planned to be implemented on the Mon–Fayette Expressway, along with the remainder of the Pennsylvania Turnpike system, in the later part of 2021. [ 9 ]