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In response to the September 11 attacks,the Bush administration:
Nominal Wage
The wage or salary that is paid to workers in current dollars, without adjusting for inflation or purchasing power.
General Price Level
An indicator of the average prices of goods and services throughout an economy over a period of time, often used to measure inflation.
Hourly Pay
Compensation or wage calculated based on the number of hours worked, often used for part-time, temporary, or freelance work.
U.S. Dollar Terms
Pricing or valuation of goods, services, or assets denominated in U.S. dollars, irrespective of the local currency.
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