price spiral

wage-price spiral — ➔ spiral1 * * * wage price spiral UK US noun [S] ECONOMICS ► a rise in prices that causes a rise in the amount that workers earn, which increases the cost of producing goods, making prices rise again: »A sharp fall in the value of sterling could… …   Financial and business terms

Wage-Price Spiral — A macroeconomic theory to explain the cause and effect relationship between rising wages and rising prices, or inflation. The wage price sprial suggests that rising wages increase disposable income, thus raising the demand for goods and causing… …   Investment dictionary

wage-price spiral — /ˌweɪdʒ praɪs ˌspaɪərəl/ noun a situation where price rises encourage higher wage demands which in turn make prices rise …   Dictionary of banking and finance

wage-price spiral — /weɪdʒ praɪs ˈspaɪrəl/ (say wayj pruys spuyruhl) noun a series of movements in wages and prices, normally upwards, in which each change in one triggers a change in the other …   Australian-English dictionary

Price/wage spiral — In macroeconomics, the price/wage spiral (also called the wage/price spiral) represents a vicious circle process in which different sides of the wage bargain try to keep up with inflation to protect real incomes. This process in turn is one cause …   Wikipedia

spiral — ▪ I. spiral spi‧ral 1 [ˈspaɪərəl ǁ ˈspaɪr ] noun [countable] a process, usually a harmful one, in which something continuously rises, falls, gets worse etc, often starting off slowly but gradually speeding up until it is out of control: • Sales… …   Financial and business terms

spiral — n. an inflationary; wage price spiral (a vicious inflationary spiral) * * * [ spaɪ(ə)rəl] wage price spiral (a vicious inflationary spiral) an inflationary …   Combinatory dictionary

Spiral Scratch (EP) — Infobox Album Name = Spiral Scratch Type = EP Artist = Buzzcocks Released = Jan 29, 1977 Recorded = Dec 28, 1976 in Manchester, United Kingdom Genre = Punk, Indie Length = 10:01 Label = New Hormones ORG1 Producer = Martin Hannett Reviews = *… …   Wikipedia

spiral — I. /ˈspaɪrəl / (say spuyruhl) noun 1. a plane curve traced by a point which runs continuously round and round a fixed point or centre while constantly receding from or approaching it. 2. a single circle or ring of a spiral or helical curve or… …   Australian-English dictionary

spiral — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ vicious ▪ downward, upward ▪ deflationary, inflationary ▪ wage price ▪ …   Collocations dictionary

spiral — / spaɪrəl/ noun something which twists round and round getting higher all the time ■ verb to twist round and round, getting higher all the time ● a period of spiralling prices ♦ spiralling inflation inflation where price rises make employees ask… …   Dictionary of banking and finance