| 单词 | wage-price spiral |
| 释义 | wage-price spiralˌwage-ˈprice ˌspiral noun [countable] social studies, economics a continuous economic process in which higher wages (=the money people are paid for working) lead to an increase in the cost of producing goods, so that prices rise. Wages then have to rise again, and this then leads to higher and higher prices. |
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