Sticky prices

From CNM Wiki
Revision as of 19:28, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Sticky prices are prices that adjust sluggishly and, therefore, do not always equilibrate supply and demand. (Cf. flexible prices.) ==Definition== According to Macroec...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Sticky prices are prices that adjust sluggishly and, therefore, do not always equilibrate supply and demand. (Cf. flexible prices.)

Definition

According to Macroeconomics by Mankiw (7th edition),

Sticky prices. Prices that adjust sluggishly and, therefore, do not always equilibrate supply and demand. (Cf. flexible prices.)