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11.2 The building blocks of keynesian analysis  (Page 15/15)

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  • Card 15 / 15:
    sticky wages and prices

    a situation where wages and prices do not fall in response to a decrease in demand, or do not rise in response to an increase in demand

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Practice FlashCards 7 Key Terms 5

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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