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wage-price spiral definition

is the wage/price spiral because of inflation or a result of inflation? { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, It is critical that a wage price spiral be averted. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, iasLog("criterion : cdo_ptl = entry-mcp"); Translations in context of "wage-price spiral" in English-German from Reverso Context: But the evolving slowdown is not the only reason the threat of a wage-price spiral in Europe is overblown. Times, Sunday Times (2012) There were no worries then about the return of the wage price spiral. Governments have the option of stopping this inflationary environment through the actions of the Federal Reserve or central bank. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, { bidder: 'sovrn', params: { tagid: '446382' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); } { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, The issue boils down to whether price changes associated with a change in the exchange rate feed into the wage-price spiral. Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, and Adam S. Posen. Giga-fren. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, Wage-Price Spiral Law and Legal Definition. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, exclamation. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, enableSendAllBids: false var googletag = googletag || {}; This is a theoretical concept of macroeconomics. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, Central banks use monetary, the interest rate, reserve requirements, or open market operations, to curb the wage-price spiral. January 07, 2020 Team Kalkine. { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '446382' }}, "loggedIn": false Abstract. How Does a Wage-Price Spiral Work? Bedeutung Preis-Lohn-Preis-Spirale: Finanzglossar Preis: Das Substantiv Englische Grammatik. }, - die Lohn-Preis-Spirale - ist in der Tat das Produkt des Klassenkampfes unter den Bedingungen des Spätkapitalismus, wo nur kleine oder überhaupt keine Reserven an Arbeitslosem vorhanden sind. Explain. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; Definition of 'Wage-Price Spiral' The tendency during inclation for wage increases to lead to price increases and for price increases to lead to wage increase, thus creating an inflationary spiral. googletag.pubads().setTargeting("cdo_ptl", "entry-mcp"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, Wage-price spiral definition: a situation in which wage and price increases drive each other upward and cause inflation | Meaning, pronunciation, translations and examples Log In Dictionary var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, name: "pubCommonId", pronoun. When workers receive a … type: "cookie", "login": { Wage price spiral is a vicious circle process in which rising prices push wages higher and the rising wages in turn increase production costs that lead to further price increases. 'cap': true pbjsCfg = { The model is completed with the specification of the exogenous shock processes. },{ { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, }], by: Mark J. Perry. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, Definition (britisch) spiral: Definition (amerikanisch) spiral: Thesaurus, Synonyme, Antonyme spiral: Etymology spiral: die Lohn-Preis-Spirale. A wage-price spiral is a macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, } an occasion when you become more energetic and active than before, You’re in good hands (Idioms with ‘hand’, Part 2), Clear explanations of natural written and spoken English. { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); params: { The macroeconomic theory that determines the relationship between increasing level of wages and increasing level of price is known as wage-price spiral. afficher. }, Wed 17 … { bidder: 'sovrn', params: { tagid: '387232' }}, expires: 365 Workers renegotiate higher wages. { bidder: 'appnexus', params: { placementId: '11654156' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, is there ever an exception to number 3 above? },{ { bidder: 'appnexus', params: { placementId: '11654156' }}, The word in the example sentence does not match the entry word. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, storage: { Situation d'inflation, dans laquelle les salariés obtiennent des hausses de salaires, aussitôt répercutées par les producteurs dans les prix, ce qui entraine de nouvelles demandes des salariés, dont la satisfaction provoque de nouvelles majorations de prix, et ainsi de suite. supply shock An unexpected change on the supply side of the economy, such as a rise or fall in oil prices or an improvement in technology. To drink alcohol throughout the night and into the morning in place of sleeping. name: "criteo" wage-price spiral meaning: a rise in prices that causes a rise in the amount that workers earn, which increases the cost of…. Their gain is your loss. Inflation - the wage-price spiral - is in fact the product of the class struggle under the conditions of modern capitalism, where there are only small or even no reserves of unemployed workers. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, The phenomenon in which prices for goods and services rise, which causes employees to demand higher wages. } Production costs increase higher further and force producers to increase selling prices. Monetary policy refers to the actions undertaken by a nation's central bank to control money supply and achieve sustainable economic growth. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, An increase in wages can trigger a wage-price spiral. // FIXME: (temporary) - send ad requests only if PlusPopup is not shown googletag.pubads().enableSingleRequest(); priceGranularity: customGranularity, It is critical that a wage price spiral be averted. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, This added expense on business causes higher prices, which leads to still higher wages, and so forth. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, A wage-price spiral can occur when: a. there is unemployment and an increase in money supply. People can do only two things with money: save it … ... By definition, inflation is a general increase in the price level, when all goods and services are rising simultaneously, in general and on average. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, googletag.pubads().addEventListener('slotRenderEnded', function(event) { if (!event.isEmpty && event.slot.renderCallback) { event.slot.renderCallback(event); } }); { bidder: 'sovrn', params: { tagid: '346688' }}, The wage-price sprial suggests that rising wages increase disposable income, thus raising the demand for goods and causing prices to rise. i . A badly written book that attempts to explain the use The Elliot Wave System. wage-price spiral. "sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" Definition (britisch) spiral: Definition (amerikanisch) spiral: Thesaurus, Synonyme, Antonyme spiral: Etymology spiral: die Lohn-Preis-Spirale. Allemand. wage-price spiral wage-push wage-push inflation wage-reducing wage-related wage-setting wage-setting mechanism waged waged household officer wageless • wager wager of battle wager on wagered wagerer wagering wagering contract wagers wages wages / payment in truck wages after deductions The general idea behind a wage-price spiral is a simple one of supply and demand. The United States has used monetary policy in the past to curb inflation, but the result was a recession. "authorizationFallbackResponse": { Finance Glossary - Search our financial terms for a definition - London South East { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, Inflation. Example sentences with "price and wages spiralling", translation memory . var pbTabletSlots = [ { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, ga('require', 'displayfeatures'); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, var dfpSlots = {}; price-wage spiral synonyms, price-wage spiral pronunciation, price-wage spiral translation, English dictionary definition of price-wage spiral. { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, The phenomenon in which prices for goods and services rise, which causes employees to demand higher wages.This added expense on business causes higher prices, which leads to still higher wages, and so forth. iasLog("exclusion label : mcp"); In the model tLat we have considered so far, the wage-price spiral has not played a prominent role, because equilibrium situations have been considered, because only one equation has been taken into account, or because the full impact of the spiral on … It expresses the cause-and-effect connection between soaring wages and soaring prices (inflation). var pbMobileLrSlots = [ { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, googletag.pubads().setTargeting("cdo_l", "en"); {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, googletag.cmd.push(function() { iasLog("criterion : cdo_tc = resp"); syncDelay: 3000 wage-price spiral definition: a rise in prices that causes a rise in the amount that workers earn, which increases the cost of…. Accessed Nov. 28, 2020. PVA \ J . Information block about the term. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, }; Times, Sunday Times (2007) He sounded a warning to unions, governments and businesses that it was ' imperative' to avoid the current high inflation rates sparking a wage-price spiral. [...] the risk of a possible wage-price spiral, especially the implementation [...] }, Policies include { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, 'increment': 0.01, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, Hyperinflation describes rapid and out-of-control price increases in an economy. userSync: { {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, wage-price spiral. } type: "html5", 'increment': 0.5, The general idea behind a wage-price spiral is a simple one of supply and demand. if(!isPlusPopupShown()) True. translation and definition "price and wages spiralling", Dictionary English-English online. A wage-price spiral is firmly ingrained even at the rural levels. adverb. People who earn more than the cost of living select an allocation mix between savings and consumer spending. To maintain profits, producers increase selling prices to offset rising labor costs. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, Wage spread definition: the difference in wages paid to workers in an industry or profession | Meaning, pronunciation, translations and examples infrastructure spending and cutting tax and interest rates. It is a wages chase prices and prices chase wages kind of situation. googletag.pubads().setTargeting("cdo_pc", "dictionary"); {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, Wage-Price Spiral. }, { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, { bidder: 'sovrn', params: { tagid: '346698' }}, Very hard to understand and to apply. Define price-wage spiral. Il faut absolument éviter une spirale salariale. When you give someone $1,000 they receive $1,000 and you receive nothing. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, 'min': 3.05, name: "_pubcid", determiner. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'appnexus', params: { placementId: '11654149' }}, }); { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, ral (spī′rəl) n. 1. a. Il en résulte des difficultés à agir sur la spirale inflationniste. Macro, economy, Professor . Browse our dictionary apps today and ensure you are never again lost for words. googletag.pubads().setTargeting("sfr", "cdo_dict_english"); if(refreshConfig.enabled == true) Parts of speech for Wage-price spiral. Banque de France . conjunction . noun. Usage explanations of natural written and spoken English, 0 && stateHdr.searchDesk ? 'buckets': [{ The wage-price spiral reflects the causes and consequences of inflation, and it is, therefore, characteristic of Keynesian economic theory. Definition of Wage-Price Spiral, what is Wage-Price Spiral, what does Wage-Price Spiral mean? Décliner. { bidder: 'ix', params: { siteId: '195464', size: [300, 600] }}, { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'sovrn', params: { tagid: '346693' }}, b. there is unemployment and low aggregate demand in the economy. "noPingback": true, var pbjs = pbjs || {}; wage-price spiral - Wörterbuch Englisch-Deutsch. Everett Ehrlich, undersecretary of Commerce for economic affairs, said businesses have " room for modest increase in wages without setting off the wage price spiral," 2. { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, var pbDesktopSlots = [ You can learn more about the standards we follow in producing accurate, unbiased content in our. Many translated example sentences containing "price wage spiral" – Spanish-English dictionary and search engine for Spanish translations. price and wages spiralling. iasLog("criterion : sfr = cdo_dict_english"); Wage-price spiral : spirale des prix et des salaires. As wages increase, so too does a consumer's propensity to both save and consume. { bidder: 'appnexus', params: { placementId: '11654157' }}, Aug. 25, 2008 2:31 AM ET. googletag.pubads().collapseEmptyDivs(false); { bidder: 'appnexus', params: { placementId: '11654174' }}, If the minimum wage of an economy increased, for example, it would cause consumers within the economy to purchase more product, which would increase demand. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, partner: "uarus31" iasLog("criterion : cdo_l = en"); filterSettings: { bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, Learn more. wage price spiral in a sentence - Use "wage price spiral" in a sentence 1. It is a theory commonly used in the macroeconomic field. 'max': 3, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, var pbMobileHrSlots = [ Inflation targeting is a type of monetary policy that aims to achieve and sustain a set interest rate over a period. ONS reports deceleration in earnings growth despite fall in jobless . { bidder: 'appnexus', params: { placementId: '11654208' }}, expires: 60 { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, addPrebidAdUnits(pbAdUnits); preposition. googletag.pubads().setTargeting("cdo_tc", "resp"); wage-price spiral. By contrast to lending, giving creates no money. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'appnexus', params: { placementId: '11654156' }}, userIds: [{ iframe: { Rising prices increase demand for higher wages, which leads to higher production costs and further upward pressure on prices creating a conceptual spiral. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Il faut absolument éviter une spirale salariale. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, Term Definition; Wage-Price Spiral; Wage-Price Spiral . A three-dimensional curve that turns around an axis at a constant or continuously varying distance while moving parallel to the axis; a helix. googletag.pubads().setTargeting("cdo_ei", "wage-price-spiral"); However, a book published in 2018 by Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, and Adam S. Posen entitled, Inflation Targeting: Lessons from the International Experience delve into the past advantages and disadvantages of inflation targeting to discern whether there is a net positive in its use as a monetary policy rule. - die Lohn-Preis-Spirale - ist in der Tat das Produkt des Klassenkampfes unter den Bedingungen des Spätkapitalismus, wo nur kleine oder überhaupt keine Reserven an Arbeitslosem vorhanden sind. Il faut absolument éviter une spirale salariale. Wage-Price Spiral? type: "html5", { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, It is essentially a perpetual loop or cycle of consistent price increases. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, pbjs.que = pbjs.que || []; iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/wage-price-spiral"); dfpSlots['houseslot_a'] = googletag.defineSlot('/2863368/houseslot', [300, 250], 'ad_houseslot_a').defineSizeMapping(mapping_houseslot_a).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setCategoryExclusion('house').addService(googletag.pubads()); more. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; If you manage to understand it, I doubt it will proved to be useful. By definition, accounts receivable is the money owed to you. True. It is a wages chase prices and prices chase wages kind of situation. Reflation is a form of policy enacted after a period of economic slowdown. { bidder: 'appnexus', params: { placementId: '11654157' }}, name: "unifiedId", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot_flex' }}, The different sides of the wage bargain try to keep up with inflation to protect real incomes. Cost-push inflation occurs when overall prices rise (inflation) due to increases in production costs such as wages and raw materials. 'min': 31, { bidder: 'sovrn', params: { tagid: '346688' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, 'increment': 0.05, { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, Mark Atkinson, Economics Correspondent. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, name: "idl_env", Many countries use inflation targeting as a way to control inflation. price spiral. 'min': 8.50, wage-price spiral. Every form of money also is a form of debt. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, wage-price spiral. wage-price spiral : German - English translations and synonyms (BEOLINGUS Online dictionary, TU Chemnitz) An increase in wages increases the cost of production. { bidder: 'appnexus', params: { placementId: '11654149' }}, },{ initAdSlotRefresher(); Inflation targeting is a strategy for a monetary policy whereby the central bank sets a target inflation rate over a period and makes adjustments to achieve and maintain that rate. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, ga('send', 'pageview'); Add wage-price spiral to one of your lists below, or create a new one. Wage-Price Spiral Definition - investopedia.com The Price Spiral Method is basically a trading system based on The Elliot Wave System called by another name. { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, Das Substantiv (Hauptwort, Namenwort) dient zur Benennung von Menschen, Tieren, Sachen u. Ä. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Add the power of Cambridge Dictionary to your website using our free search box widgets. The wage-price spiral is an economic term that describes the phenomenon of price increases as a result of higher wages. ga('set', 'dimension2', "entry"); googletag.cmd.push(function() { { bidder: 'appnexus', params: { placementId: '11654157' }}, Wage-Price Spiral? iasLog("criterion : cdo_dc = english"); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, Cost-Push Inflation . We also reference original research from other reputable publishers where appropriate. 'min': 0, storage: { Expressions. How Does a Wage-Price Spiral Work? filter: 'include' { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, var mapping_houseslot_b = googletag.sizeMapping().addSize([963, 0], []).addSize([0, 0], [300, 250]).build(); 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. The issue boils down to whether price changes associated with a change in the exchange rate feed into the wage-price spiral. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, spirale salaires-prix. Definition of wage-price spiral words . The wage-price spiral is alternately described as a cause or a symptom of inflation, depending on one's economic philosophy. If higher wages are granted, a spiral where prices subsequently increase may occur repeating the cycle until wage levels can no longer be supported. prevailing wage price-wage spiral reservation wage Share-levy wage earner funds Social wage the voluntary living wage the wage of sin is misery The wage scale was way down tipped up half his wage to pull a wage two-tier wage system wage a boycott wage a war Wage boards wage employment wage … ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); 90.000 Stichwörter und Wendungen sowie 120.000 Übersetzungen. Using the powers of the War Measures Act, he established the Wartime Prices and Trade Board, with the aim of stopping prices and wages from spiralling out of control. , 0 & & stateHdr.searchDesk also is a wages chase prices and prices chase wages kind of situation the. The wage price spiral, params: { Expressions three-dimensional curve that turns around an axis at a or! 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