| 单词 | money illusion |
| 释义 | > as lemmasmoney illusion money illusion n. originally U.S. the view, which disregards the effect of inflation, that money has a fixed value in terms of its purchasing power. ΘΚΠ society > trade and finance > money > value of money > [noun] > illusion of money illusion1928 1928 I. Fisher Money Illusion (1929) i. 4 The ‘Money Illusion’.., the failure to perceive that the dollar, or any other unit of money, expands or shrinks in value. 1975 Times 30 June 12/8 Money illusion is, as in Germany, dying..as people spend indexed wages rather than save. 1994 Economist 24 Dec. 96/3 One of the core assumptions of much current macroeconomic theory is that people do not suffer from ‘money illusion’—that is, they do not confuse changes in money prices with changes in real prices. < as lemmas |
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