while explaining money wage Keynes explained the concept of money illusion, which means one of the following
Answers
Answered by
28
There is a question for you....
Me (while seeing the reader of this question) : There is a fun fact for you....you can't laugh while holding your nose with your left hand....
✌✌✌✌✌✌✌✌✌✌
Ae that wasn't the fun fact....
The fun fact is : You tried this and thought this is lie I can do this.
It's just to ❤ get a smile on your face.
Answered by
0
Answer:
Money illusion is an economic theory stating that people have a tendency to view their wealth and income in nominal dollar terms, rather than in real terms. In other words, it is assumed that people do not take into account the level of inflation in an economy, wrongly believing that a dollar is worth the same as it was the prior year.
Similar questions