what do you mean by wage price spiral
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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.
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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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