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