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NOMINAL WAGE: The market wage paid to labor stated in current prices. This is the actual wage received by labor for performing productive work. The contrast is with real wage, which is nominal wage adjusted for inflation. Nominal wage is comparable to other nominals, including nominal gross domestic product.

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CHANGE IN DEMAND

A shift of the demand curve caused by a change in one of the demand determinants. A change in demand is caused by any factor affecting demand EXCEPT price. A related, but distinct, concept is a change in quantity demanded.

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BROWN PRAGMATOX
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Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius looking to buy either a green fountain pen or a handcrafted bird house. Be on the lookout for high interest rates.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
"He who hesitates is poor. "

-- Mel Brooks, writer, director, comedian

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United States Department of Agriculture
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