Inflexible Relative Prices and Price Level Inertia
收藏NBER1983-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1147
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资源简介：
A decrease in aggregate demand at given prices and wages decreases output and employment. The decrease in employment exerts downward pressure on real wages. The decrease in production exerts downward pressure on markups. With perfectly synchronized price and wage decisions, nominal wages and prices
提供机构：
美国国家经济研究局
创建时间：
1983-06-01
