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 rigidity

The 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 rigidity

Failure of a price to move to clear the market. Reasons include costs of changing prices, contracts, and regulations.

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