noun
money illusion
Economic term: the tendency to think of money in nominal rather than real terms, ignoring inflation.
貨幣錯覚があると、インフレで実質賃金が下がっても気づきにくい。
With money illusion, it's hard to notice when real wages fall due to inflation.
Compound of 貨幣 (money) and 錯覚 (illusion), likely a calque of English 'money illusion'.