wage-price spiral
noun[S]
ECONOMICSukusariseinpricesthatcausesarisein theamountthatworkersearn, whichincreasesthecostofproducinggoods, makingpricesriseagain:
Asharpfallin thevalueofsterlingcouldignitea wage-pricespiral.
| 单词 | wage-price spiral |
| 释义 | wage-price spiral noun[S] ECONOMICSukusariseinpricesthatcausesarisein theamountthatworkersearn, whichincreasesthecostofproducinggoods, makingpricesriseagain: Asharpfallin thevalueofsterlingcouldignitea wage-pricespiral. |
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