What does inflationary spiral mean?
Definitions for inflationary spiral
in·fla·tion·a·ry spi·ral
This dictionary definitions page includes all the possible meanings, example usage and translations of the word inflationary spiral.
Princeton's WordNet
inflationary spiralnoun
an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value
ChatGPT
inflationary spiral
An inflationary spiral, also known as wage-price spiral, is an economic theory or situation where a constant increase in the general price level (inflation) is triggered by persisting demand-pull and cost-push inflation. This continuous increase in prices and wages creates a vicious circle which requires a strong policy response to control. This macroeconomic phenomenon implies that as prices increase (inflation), businesses often need to pay their workers more (wage increases), which, in turn, increases the costs of goods and services, leading to further inflation.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of inflationary spiral in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of inflationary spiral in Pythagorean Numerology is: 3
Translations for inflationary spiral
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- مارپیچ تورمیPersian
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"inflationary spiral." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/inflationary+spiral>.
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