nominal wages वाक्य

However, if the figures shown are nominal wages then real wages are not increasing at all.
The same idea can apply to nominal wages.
Second, nominal wage cuts would be difficult to put into effect because of laws and wage contracts.
In a model with nominal wage rigidities, changes in exchange rate implies changes in actual real wage.
On numerous occasions in the 1990s real wages decreased since nominal wages could not keep up with inflation.

Nominal wages increased an average of 13 % per year while real wages rose 7 % each year.
And since it is hard to cut nominal wage rates, price stability could put a floor beneath real wages.
The value of \ lambda ^ * thus determines how rapidly the nominal wage adjusts to its new steady-state value.
If only nominal wages are considered, the conclusion has to be that people used to be significantly poorer than today.
Although nominal wages were rising, there was not a commensurate increase in the standard of living for the Chilean population.