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money illusion (E4)<br />Confusing money values with real values, a phenomenon of inflationary periods. Workers and consumers may be prepared to accept inferior bargains because they have not fully taken inflation into account. In collective bargaining, too much attention to money wage rates can lead to workers not being compensated sufficiently for price changes; frequent product price changes make it difficult for consumers to be aware of the extent of inflation. Also known as inflation illusion.<br /><em>See also:</em> price perception
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<strong>Default Aversion Assistance (DAA)</strong> – Assistance provided to a lender by the guarantor in order to prevent a delinquent loan from defaulting.
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