Economy, asked by pradhannayan023, 6 months ago

what do you mean by wage price spiral​

Answers

Answered by Anonymous
7

Explanation:

An increase in aggregate demand, for instance, would increase output and employment, leading firms to struggle for higher prices and workers for higher wages. This would start a wage-price spiral within a demand-pull context. ... These would also start a wage price spiral, leading to a cost-push inflation.

Answered by masoommishra
5

Answer:

An increase in aggregate demand, for instance, would increase output and employment, leading firms to struggle for higher prices and workers for higher wages. This would start a wage-price spiral within a demand-pull context. ... These would also start a wage price spiral, leading to a cost-push inflation

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