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Definition of

wage-price spiral


cycle of rising prices and wages a situation in which, repeatedly, in inflationary conditions, excess demand causes producers to raise prices and employees to demand wage rises to sustain their living standards.

Related definitions of "wage-price spiral"

Definitions of ’wage-price spiral’ and meaning of ’wage-price spiral’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’wage-price spiral’ and other financial terms with our online QFINANCE Financial Dictionary.

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