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inflationary spiral |
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inflationary spiral n
(Economics) the situation in which price and income increases may each induce further rises in the other ThesaurusLegend: Synonyms Related Words Antonyms
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Under such a scenario, dumping dollars on the international market would trigger an inflationary spiral in the United States. That action alone started an inflationary spiral that almost bankrupted the western industrialized world, heavily reliant on petroleum products. The real bell ringer, triggered by an inflationary spiral - the roots of which reached back into the 1960s, hit in July of 1981 and lasted for 17 months. |
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