Question

Discuss the virtuous cycle with a diagram​

Answer 1

Explanation:

Virtuous cycle is a recurring cycle of events, the result of each one being to increase the beneficial effect of the next. A virtuous cycle in the economy means that higher wages stimulate consumption, leading to higher prices and larger corporate profits.

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Answer 2

Explanation:

Virtuous cycle is a recurring cycle of events, the result of each one being to increase the beneficial effect of the next. A virtuous cycle in the economy means that higher wages stimulate consumption, leading to higher prices and larger corporate profits.