Supply a statement that refers to the wage-price spiral process.

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marynriverafifie marynriverafifie

14-08-2016
Business

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Supply a statement that refers to the wage-price spiral process.

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meerkat18 meerkat18 · Answer 1 · 2016-08-18T09:47:23+02:00

meerkat18 meerkat18

18-08-2016

Wage price spiral process refers to a process in which the rising wages cause prices to be higher and higher prices cause higher wages. Basically that is the meaning of the wage price spiral process. I hope that statement helped you.

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darbystein2 darbystein2 · Answer 2 · 2020-05-14T23:46:49+02:00

darbystein2 darbystein2

14-05-2020

a worker receives a raise, which increases costs for the employer.

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