Inflexible Relative Prices and Price Level Inertia
收藏数据链接：
官方服务：
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
