英语词汇“money illusion”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

money illusion

noun [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.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.

单词	money illusion
释义	money illusion noun [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.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.
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