Wage-price stickiness
Wage-price stickiness when a source of rigidity prevents wages from responding fully to changes in the expected price level.
Category: Banking & Finance, Economics
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 ...