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Τι (ποιος) είναι wage-price spiral - ορισμός
ECONOMIC CONCEPT
Price/wage spiral; Wage/price spiral; Wage price spiral
Price/wage spiral
In macroeconomics, the price/wage spiral (also called the wage/price spiral or wage-price spiral) is a theoretical concept that represents a circle process in which wage increases cause price increases which in turn cause wage increases, possibly with no answer to which came first. According to the concept, it can start either due to high aggregate demand combined with near full employment or due to supply shocks, such as an oil price hike.
Wage-price spiral
In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. Greg Mankiw writes, "At some point, this spiral of ever-rising wages and prices will slow...
Price controls
![](https://commons.wikimedia.org/wiki/Special:FilePath/"Prices charged in this store will not exceed those indicated in the most recent list of Fair Prices applicable to this - NARA - 512556.jpg?width=200)
![World War II poster about US price controls](https://commons.wikimedia.org/wiki/Special:FilePath/"Cost of Living 1918-1944" - NARA - 514088.jpg?width=200 "World War II poster about US price controls")
![Protesters call for an increased legal [[minimum wage]] as part of the "Fight for $15" effort to require a $15 per hour minimum wage in 2015. A government-set minimum wage is a price floor on the price of labour.](https://commons.wikimedia.org/wiki/Special:FilePath/Fight for $15 on 4-15 (17161520871).jpg?width=200 "Protesters call for an increased legal [[minimum wage]] as part of the \"Fight for $15\" effort to require a $15 per hour minimum wage in 2015. A government-set minimum wage is a price floor on the price of labour.")
GOVERNMENTAL RESTRICTIONS ON THE PRICES THAT CAN BE CHARGED FOR GOODS AND SERVICES
Price control; Price freeze; Fixed price system; Maximum price; Prices control; Price Controls; Administered price; Administered pricing; Liberalization of prices; Regulate the price; Set the price
Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a minimum income for providers of certain goods or to try to achieve a living wage.
Βικιπαίδεια
Wage-price spiral
In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. Greg Mankiw writes, "At some point, this spiral of ever-rising wages and prices will slow... In the long run, the economy returns to [the point] where the aggregate-demand curve crosses the long-run aggregate-supply curve."
Παραδείγματα από το σώμα κειμένου για wage-price spiral
1. By contrast, today there‘s not yet a wage–price spiral.
2. Go lower and tight labor markets trigger a wage–price spiral.
3. But others fear a wage–price spiral, in which pay raises ripple into the costs of goods and services, making no one better off.
4. But it said policymakers needed to press the case for wage restraint to avoid a recent spike in inflation fuelling a wage–price spiral.
5. In the past, worker demands for wage hikes have sometimes fueled a "wage–price spiral." But currently, wages have not even been keeping pace with inflation.