4 Models of as 2. The worker-misperception model Wages are free to equilibrate s d However Workers temporarily confuse real and nominal wage(or workers do not know what the true price level is so that they have no idea of what the real wage is)4 Models of AS 2. The worker-misperception model Wages are free to equilibrate S & D However, Workers temporarily confuse real and nominal wage (or workers do not know what the true price level is so that they have no idea of what the real wage is)