The first phase of a typical cycle of economic populism is usually

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The first phase of economic populism is typically characterized by rising growth and rising wages. Populist policies, such as increased government spending and subsidies, can initially stimulate economic growth and create a sense of prosperity for the working class. This is a key selling point for populist leaders, who often build their platforms around addressing economic inequality and improving the standard of living for the average citizen. However, this phase is often short-lived and can lead to economic instability and inflation if not managed properly.

The First Phase of a Typical Cycle of Economic Populism