nominal wage

In the short run, the nominal wage rate is taken as fixed.

A dollar's worth of nominal wages does not buy as much when prices rise.

Americans wanted higher nominal wages and prices to keep up as the real value of each dollar declined.

The long stability of nominal wages ended abruptly in the 1790s.

If there is deflation, on the same nominal wage, people are better off.

Nominal wages that will not fall allowing situations where the real wage gets too high to clear the market.

In the neoclassical long run, on the other hand, the nominal wage rate varies with economic conditions.

Despite this, nominal wages were repeatedly increased, outstripping price increases.

Even so, nominal wages in recent years have been slightly above those in competitor countries.

Nominal wage growth - that is, before accounting for inflation - picked up this year as the job market improved.

It probably would have worked if we had been able to pay them a nominal wage but the incentive of free computer parts was not enough.

Firms hire them because they see the inflation as allowing higher profits for given nominal wages.

There is no reason to believe that nominal wages automatically rise to compensate for losses of purchasing power.

In this context, indexation schemes for nominal wages are of particular concern and should be avoided.

Second, nominal wage cuts would be difficult to put into effect because of laws and wage contracts.

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.

This should be a policy of collective negotiation, keeping nominal wages in line with inflation and not allowing them to rise above it.

Nominal wages increased an average of 13% per year while real wages rose 7% each year.

By the 1980s new Keynesian economists became dissatisfied with these early nominal wage contract models.

This term is used in contrast to nominal wages or unadjusted wages.

The anti-inflation programme focussed on controlling nominal wages and salaries.

Not everything depends on nominal wage increases.

The strike was resolved on April 18 with a minimal addition to the government's proposed 10% nominal wage increase and a 12-point package of agreements.

Wage differentials notwithstanding, the nominal wages of London's skilled men did not much move over the century until the last decade.