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116 pages • first pub 1928 (editions)
ISBN/UID: 9781617201806
Format: Hardcover
Language: English
Publisher: Wilder Publications
Publication date: 17 January 2011
Description
In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is fa...
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116 pages • first pub 1928 (editions)
ISBN/UID: 9781617201806
Format: Hardcover
Language: English
Publisher: Wilder Publications
Publication date: 17 January 2011
Description
In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is fa...