Wage Price Spiral - Definition, Causes and Consequences

The wage-price spiral is a complex economic phenomenon with far-reaching consequences for economies and societies. By understanding its causes and consequences, policymakers, businesses, and individuals can take proactive measures to mitigate its impact and promote economic stability and prosperity. This lecture will give you the deep insight.
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Timestamps :
00:00:00 - Introduction to the Wage-Price Spiral
00:00:30 - Causes of the Wage-Price Spiral
00:01:00 - Consequences of the Wage-Price Spiral
00:01:32 - Strategies for Controlling the Wage-Price Spiral