Nominal wage rate
From Mises Wiki, the global repository of classical-liberal thought
Nominal wage rate is a wage rate in monetary terms without reference to the value of such wages in terms of what they will buy or provide. See "Real wage rates" for contrast.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-17.
Links
- Real wage at Wikipedia
