Back Inflační spirála Czech Lohn-Preis-Spirale German Espiral precios-salarios Spanish مارپیچ قیمت-دستمزد Persian Boucle salaires-prix French Spirale prezzi-salari Italian Infliacijos spiralė Lithuanian Loon-prijsspiraal Dutch Spirala inflacyjna Polish Vòng xoáy Tiền lương-giá cả Vietnamese
In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop.[1] Greg Mankiw writes, "At some point, this spiral of ever-rising wages and prices will slow... In the long run, the economy returns to [the point] where the aggregate-demand curve crosses the long-run aggregate-supply curve."[1]
- ^ a b Mankiw, N. Gregory. "15, Aggregate demand and aggregate supply". Brief Principles of Macroeconomics (5 ed.). p. 353. ISBN 978-0-324-59037-1.