The-definition.com

Definition

Wage-price stickiness

Wage-price stickiness when a source of rigidity prevents wages from responding fully to changes in the expected price level.

Share it:  Cite

More from this Section

  • Board room
    Board room is a room at a brokerage firm where its clients can watch an electronic board ...
  • Speculative Risk
    Speculative Risk refers to the probability of risk which can be chosen willingly and will ...
  • Balance on goods and services
    Balance on goods and services— balance of trade, plus the net amount of payments of ...
  • Unit labour cost
    How much an employer pays for the labour required to produce each unit of a good or service. ...
  • Credit Application
    Credit Application is permission sought for a loan allowance. It can be submitted verbally ...