nominal wage rate
1nominal — nom|i|nal [ˈnɔmınəl US ˈna: ] adj [Date: 1400 1500; : Latin; Origin: nominalis, from nomen name ] 1.) nominal sum/charge/fee etc a very small sum of money, especially when compared with what something would usually cost or what it is worth ▪ A… …
2wage — {{Roman}}I.{{/Roman}} (also wages) noun ADJECTIVE ▪ competitive (esp. AmE), decent, fair, good, high ▪ inadequate, low, meagre/meager (esp …
3Real versus nominal value (economics) — Economics …
4Real wage — The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages.The use of adjusted figures is in undertaking some form of economic analysis. For example, in order to… …
5Minimum wage in the United States — History of the federal minimum wage in real and nominal dollars. As of July 24, 2009 (2009 07 24) …
6Differences between the Natural Rate of Unemployment and the NAIRU — The Natural Rate of Unemployment (NRU) is the equilibrium level of unemployment to which the economy tends, as defined by Milton Friedman s misperception model of labour markets. This model assumes that, in the long run, labour markets clear (i.e …
7Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …
8Minimum wage law — is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.[1] Until recently, minimum wage… …
9Price/wage spiral — In macroeconomics, the price/wage spiral (also called the wage/price spiral) represents a vicious circle process in which different sides of the wage bargain try to keep up with inflation to protect real incomes. This process in turn is one cause …
10List of countries by GDP (nominal) — World map showing nominal GDP of countries for the year 2010 according to the IMF. Legend: (in billions of U.S. dollars)   > 1,000 …
