Meaning price rigidity
What does price rigidity mean? Here you find 2 meanings of the word price rigidity. You can also add a definition of price rigidity yourself
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price rigidityThe proposition that some prices adjust slowly in response to market shortages or surpluses. This condition is most important for macroeconomic activity in the short run and short-run aggregate market [..]
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price rigidityFailure of a price to move to clear the market. Reasons include costs of changing prices, contracts, and regulations.
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