Real rigidity
id:
real-rigidity-285-9319244
title:
Real rigidity
text:
In macroeconomics, rigidities are real prices and wages that fail to adjust to the level indicated by equilibrium or if something holds one price or wage fixed to a relative value of another. Real rigidities can be distinguished from nominal rigidities, rigidities that do not adjust because prices can be sticky and fail to change value even as the underlying factors that determine prices fluctuate. Real rigidities, along with nominal, are a key part of new Keynesian economics. Economic models wi
brand slug:
wiki
category slug:
encyclopedia
description:
Economic concept, a fixed price or wage
original url:
https://en.wikipedia.org/wiki/Real_rigidity
date created:
date modified:
2022-02-20T07:57:44Z
main entity:
{"identifier":"Q7301168","url":"https://www.wikidata.org/entity/Q7301168"}
image:
fields total:
13
integrity:
14