The meaning of 'wage-price spiral' is?
...The meaning of 'wage-price spiral' is?
Demand pull and cost push inflation pulling each other in different director
Demand pull and cost push inflation intensifying each other
Both of them bringing about a reduction in the price level
That demand pull and cost push inflation increases employment
That wages and prices are rising at a proportional rate
Correct answer is B
No explanation has been provided for this answer.
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