Share this entry

Share this page

money illusion

Saltos de línea: money il¦lu|sion

Definición de money illusion en inglés:

sustantivo

[mass noun] Economics
Belief that money has a fixed value in terms of its purchasing power, so that, for example, changes in prices represent real gains and losses.
Example sentences
  • Ignoring the effects of this productivity growth is akin to money illusion in periods of inflation.
  • The implications of wage stickiness and the possibility of a money illusion have been discussed at least since Keynes.
  • While deflation is in place, the money illusion will cause profits to be overstated, as in Japan today, which moderates the level of bankruptcies.

Share this entry

Share this page

 

¿Qué te llama la atención de esta palabra o frase?

Obtenga más de Oxford Dictionaries

Suscribirse para eliminar anuncios y acceder a los recursos premium

Palabra del día prepotent
Pronunciación: prɪˈpəʊt(ə)nt
adjective
greater than others in power or influence