Examlex
DNA is a complex
Wage-Price Spiral
A macroeconomic concept describing a situation where rising wages lead to increased prices, which in turn lead to demands for higher wages, thus perpetuating inflation.
Consumer Price Index
A calculation that evaluates the weighted mean prices of a group of consumer items and services, including healthcare, food, and transport, for assessing inflation.
Percent Per Year
A rate or proportion of a quantity expressed as a fraction of 100 per annum.
Inflation
The speed at which the average price of goods and services increases, resulting in a reduction of money's buying power.
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