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price-wage spiral

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  • 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

  • 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 — «WAYJ PRYS», adjective. of or having to do with the relation of wages to prices: »So the wage price spiral works not only vertically from wages to prices but horizontally from wages to other wages (Atlantic) …   Useful english dictionary

  • 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

  • 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

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

  • Phillips curve — The Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that… …   Wikipedia

  • Inflation — This article is about a rise in the general price level. For the expansion of the early universe, see Inflation (cosmology). For other uses, see Inflation (disambiguation). Inflation rates around the world in 2007 …   Wikipedia

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