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pogonyaev
3 years ago
15

What causes a wage-price spiral, and how does it affect the economy?

History
2 answers:
kotegsom [21]3 years ago
7 0
A wage-price spiral is caused by the effect of supply and demand on aggregate prices. ... The rise in aggregate demand and the increased wage burden causes businesses to increase the prices of products and services. Although wages are higher the increase in prices causes workers to demand even higher salaries.
n200080 [17]3 years ago
5 0

Answer:

A wage-price spiral is caused by the effect of supply and demand on aggregate prices. The rise in aggregate demand and the increased wage burden causes businesses to increase the prices of products and services. Although wages are higher the increase in prices causes workers to demand even higher salaries.

Explanation:

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1. Overall, how well did the textbook do explaining what John Brown hoped to
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John Brown was a prominent abolitionist who failed to create a free zone at Harper Ferry.

John Brown (1800-1859) was a prominent American abolitionist who played a leading role in the slave and antislavery tensions between the South and the North. based that he believed in armed insurrection as the only way to overthrow slavery in the United States.

One of the prominent events that are related to John Brown was the one that occurred in Harpers Ferry (present-day West Virginia) in which, based on his ideas of armed abolitionist insurrection, he stormed and seized the federal arsenal of Harpers Ferry and took control of the town.

However, he did not complete his task of creating a free zone in that area because his armed force was countered by Colonel Robert E. Lee's army until he had to surrender. Later, he was arrested and charged with treason and murder, for which he was sentenced to death.

Note: This question is incomplete because the text is missing. However, I can answer it based on my prior general knowledge.

Learn more about John Brown in: brainly.com/question/15942383

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