The meaning of ‘wage-price spiral’ is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Demand pull and cost push inflation pulling each other in different director
- B Demand pull and cost push inflation intensifying each other
- C Both of them bringing about a reduction in the price level
- D That demand pull and cost push inflation increases employment
- E That wages and prices are rising at a proportional rate
Correct Answer: Option B
Explanation:
Share question on: