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inflationary spiral
in·fla·tion·ar·y spi·ral (plural in·fla·tion·ar·y spi·rals)


noun 
Definition:
 
cycle of rising prices and wages: a continuous economic cycle in which higher prices cause higher wages, which in turn cause even higher prices
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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