inflationary spiral
inflationary spiral
infla′tionary spi′ral
n.
| Noun | 1. | inflationary spiral - an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value |
| 单词 | inflationary spiral | |||
| 释义 | inflationary spiralinflationary spiralinfla′tionary spi′raln.
inflationary spiralinflationary spiralorprice-wage spirala self-sustained increase in the rate of INFLATION brought about by the interaction of rising final prices and rising input costs. For example, an initial sharp increase in the prices of goods and services caused by an increase in raw material costs can lead to a demand for higher MONEY WAGES by trade unions concerned to protect their members’ living standards. If conceded, higher wage costs are soon likely to prompt manufacturers to put up their prices in order to maintain profit margins. The higher prices in turn produce further demand for wage increases, and so on. Once under way, price-cost increases tend to be self-reinforcing and are exacerbated by EXPECTATIONS of even further increases (see ANTICIPATED INFLATION). See ADAPTIVE EXPECTATIONS, EXPECTATIONS-ADJUSTED/AUGMENTED PHILLIPS CURVE, MONEY ILLUSION, REAL WAGES.inflationary spiral
Antonyms for inflationary spiral
|
|||
| 随便看 |
|
英语词典包含2567994条英英释义在线翻译词条，基本涵盖了全部常用单词的英英翻译及用法，是英语学习的有利工具。