Definition.com
The Money illusion is the tendency to concentrate on the face value of money rather than its value in terms of purchasing power (i.e. That cost 5 cents in my time!).
The Money illusion is the tendency to concentrate on the face value of money rather than its value in terms of purchasing power (i.e. That cost 5 cents in my time!).
Money illusion is the idea that people confuse actual dollar amounts with the buying power of dollars.