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The costs would ripple through later years because future updates would be computed from a higher starting point.
This characteristic of wage movements puts a floor under prices and provides a higher starting point for the next upward movement, so that the fluctuations of monetary demand impose a rising trend on prices.
This is no different than our stance yesterday - only from a slightly higher starting point as we KNOW why the market didn't fall yesterday (Yellen) - but what will save it this morning?
But the probable outcome of setting a higher starting point for the spending levels and a lower growth rate would be smaller cuts in the beginning, bigger cuts afterwards, a quick appraisal from the Center on Budget and Policy Priorities said Monday.
This means their 'benchmark' may be at a higher starting point than the average patient.
This higher starting point leaves more room for improvement in both total body fat as well as the prevalence of OW/OB.
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Specifically, this study reported an upward shift of values with higher starting points.
In addition, the shorter time constant calculated after EFL is the result of fitting the data from higher starting points as evidenced by the significantly higher a + c values shown in Table 4 and Fig. 5c.
This probably reflects the nonlinear pressure-volume relation in the left ventricle, where a given change in volume produces a greater change in pressure at higher starting points on the curve [ 18].
Furthermore, it may be harder to substantially increase knowledge from a higher level starting point than from a lower one.
Independence of causal influence (ICI) offer a high level starting point for the design of Bayesian networks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com