A cumulative wage-price spiral which produces very rapid inflation is called:

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A cumulative wage-price spiral which produces very rapid inflation is commonly known as Hyperinflation. Hyperinflation occurs when there is an extremely rapid increase in the general price level of goods and services in an economy. This causes the value of the currency to decrease rapidly, leading to a decrease in its purchasing power. In hyperinflationary situations, prices may increase several times a day, leading to a decline in real wages and an increase in poverty.

A Cumulative Wage-Price Spiral Which Produces Very Rapid Inflation Is