An inflationary situation in an economy which results out of a process of wage and price interaction ‘when wages press prices up and prices pull wages up’ called:
1
Inflationary gap
2
Deflationary gap
3
Inflation spiral
4
Seigniorage
An inflationary situation in an economy which results out of a process of wage and price interaction ‘when wages press prices up and prices pull wages up’ called: