Money illusion

[@farahahmed01]

hello sir, dont you think wages instead of going up by 5% should go up by more than 5% only that would cause a real wage rise?

[@Sing_A_Line]

Thanks for the explanation, what is the meaning of CAS/WPC in the upper graph?

[@gconomics3766]

CAS = Classical Aggregate Supply Curve
It's LRPC not WPC. LRPC = Long Run Phillips Curve

[@mertay6686]

great and clear explanation :)

[@gconomics3766]

Glad it was helpful!

[@StayRich33]

Great Video

[@gconomics3766]

Thanks ... pleased it was helpful.

[@adapay]

thank you som uch it explained a lot of things.

[@gconomics3766]

Glad it helped!

[@alokaditya01]

Nice explanation

[@gconomics3766]

Thanks and welcome

[@moinahmad1880]

Sir who give the concept of money illusion

[@gconomics3766]

Irving Fisher

[@karimultapas2488]

tnk u

[@rachasaib4116]

thank you

[@gconomics3766]

You're welcome