Microbe

Essentials of Economics

Krugman, Paul; Wells, Robin

4th ed.

New York: Worth Publishers, Macmillan Learning, 2017

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z  

 3 termes

unit-of-account cost of inflation  n.

p. 395

The unit-of-account costs of inflation are the costs arising from the way inflation makes money a less reliable unit of measurement.
unit-of-account role of money  n.

p. 395

This role of the dollar as a basis for contracts and calculation is called the unit-of-account role of money.
unpaid internship  n.

p. 123

However, if the answer to any of the questions is no, then the DOL may determine that the unpaid internship violates minimum wage laws, in which case, the position must either be converted into a paid internship that pays at least the minimum wage or be eliminated.