| 单词 | money wages |
| 释义 | money wagesmoney wagesmoney wagesMoney Wagesmoney wagesWAGE RATES expressed in terms of current MONEY values. An increase in the general level of prices that is not matched by an equivalent rise in money wages, either because of MONEY ILLUSION on the part of the labour force or because employers refuse to grant money wage increases, will cause REAL WAGES to fall; that is, an unchanged money-wage rate will now buy fewer goods and services at the higher level of prices. |
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