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money illusion
English
Meaning
money illusion
meaning
What does
money illusion
mean?
money illusion
noun
—
(
economics
)
The
cognitive
bias
that
leads
people
to
think
of
money
in
nominal
rather
than
real
terms
,
mistaking
its
face
value
for
its
purchasing
power
at
some
point
in
time
.
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