shadow real wage

名词 n.

英文释义

名词 n.
  1. A shadow price of labor, i. e. a real wage which is not based on actual market exchanges.
    — Lucas has said that he finds [involuntary unemployment] a mysterious notion, but in fact it is crystal clear: the shadow real wage of the unemployed is below the prevailing real wage.

词形变化

shadow real wages plural
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