![What is an inflationary spiral? What is an inflationary spiral?](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
What is an inflationary spiral?
Inflationary spiral is a situation that occurs during persistent inflation; which causes prices to constantly increase, that forces trade unions to keep demanding for higher wages leading to increase in production cost.
Inflationary spiral is a situation in which prices increase, then people are paid more in their jobs, which then causes the price of goods and services to increase again, and so on
CATEGORIES Economics
TAGS Dr. Bboosa Science