inflationary spiral

Definition

Self-sustaining upward trend in general price levels fueled by the reinforcing feedback of a vicious circle. Wage price spiral is a typical example of an inflationary spiral: high cost of living prompts demands for higher wages which push production costs up forcing firms to increases prices, which in turn trigger calls for fresh wage increases ... and so on. Such situations continue until radical measures (such as incomes policy) are instituted to break the cycle, otherwise the currency is rendered almost worthless as a medium of exchange (as it happened in Germany in the 1920s, in Brazil in the 1980s, and in Argentina in the 1990s) and has to be replaced with new monetary units (currency).

单词	inflationary spiral
释义	inflationary spiral Definition Self-sustaining upward trend in general price levels fueled by the reinforcing feedback of a vicious circle. Wage price spiral is a typical example of an inflationary spiral: high cost of living prompts demands for higher wages which push production costs up forcing firms to increases prices, which in turn trigger calls for fresh wage increases ... and so on. Such situations continue until radical measures (such as incomes policy) are instituted to break the cycle, otherwise the currency is rendered almost worthless as a medium of exchange (as it happened in Germany in the 1920s, in Brazil in the 1980s, and in Argentina in the 1990s) and has to be replaced with new monetary units (currency).
随便看	tax preparation services tax rate tax rate schedule tax rate schedules tax reduction strategy tax reform Tax Reform Act of 1986 tax regimen tax-related incomes policy (TIP) tax return tax return preparer tax roll tax sale tax sale certificate tax self assessment tax shelter tax sheltered annuity tax sheltered income tax shield tax shifting tax sink tax status election tax stop tax supplement tax surcharge