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Nominal rigidity
Inertia of prices in economics
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Trump tariffs (1) · Supreme Court ruling (1) · Price stickiness (1) · Trade Act 1974 (1) · Consumer prices (1) · Tariff tools (1) · Economic impact (1)
📖 Key Information
In economics, nominal rigidity, also referred to as price stickiness or wage stickiness, describes a situation in which a nominal price is slow to adjust or resistant to change. Complete nominal rigidity occurs when a price remains fixed in nominal terms for a relevant period of time. For example, the price of a good may be contractually set at $10 per unit for an entire year, regardless of changes in supply and demand conditions.
📰 Related News (1)
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