| 1. | Abroad, nominal wages are expected to increase by 3 . 2 percent.
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| 2. | This term is used in contrast to nominal wages or unadjusted wages.
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| 3. | Abroad, nominal wages are expected to increase by 3.2 percent.
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| 4. | A dollar's worth of nominal wages does not buy as much when prices rise.
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| 5. | Despite this, nominal wages were repeatedly increased, outstripping price increases.
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| 6. | The anti-inflation programme focussed on controlling nominal wages and salaries.
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| 7. | In addition, Keynesians posited a Phillips curve that tied nominal wage inflation to unemployment rate.
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| 8. | Nominal wages were sustained, but real wages fell by 25-35 % over the same year.
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| 9. | Employers offered fringe benefits such as medical insurance to entice workers without raising nominal wages.
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| 10. | Firms hire them because they see the inflation as allowing higher profits for given nominal wages.
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