Nominal
Nominal is measured in current dollars; not adjusted for inflation. (Cf. real.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Nominal. Measured in current dollars; not adjusted for inflation. (Cf. real.)
Nominal is measured in current dollars; not adjusted for inflation. (Cf. real.)
According to Macroeconomics by Mankiw (7th edition),