Sticky Situation. Doug Campbell.
by Campbell, Doug; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 8Business. Publisher: Region Focus, 2005ISSN: 1522-3191;.Subject(s): Business cycles | Macroeconomics | Microeconomics | Monetary policy | Price regulation | PricesDDC classification: 050 Summary: "Even if you're not familiar with the term 'sticky prices, you encounter them all the time. How many years has your newspaper sold for 50 cents a copy? No matter if interest rates are moving up or down, the price of your newspaper hardly ever changes--it's sticky. Economists take for granted that some prices are rigid, slow to shift even as supply and demand conditions might seem to warrant. For many economists, these 'nominal frictions' are enormously important, a core reason why monetary policy matters. For other economists, however, sticky prices are neither widespread nor meaningful in the slightest for public policy." (REGION FOCUS) The article defines "sticky prices" and discusses their importance in economic cycles.| Item type | Current location | Call number | Status | Date due |
|---|---|---|---|---|
Books
|
High School - old - to delete | REF SIRS 2006 Business Article 8 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Sticky Situation, Spring 2005; pp. 20-23.
"Even if you're not familiar with the term 'sticky prices, you encounter them all the time. How many years has your newspaper sold for 50 cents a copy? No matter if interest rates are moving up or down, the price of your newspaper hardly ever changes--it's sticky. Economists take for granted that some prices are rigid, slow to shift even as supply and demand conditions might seem to warrant. For many economists, these 'nominal frictions' are enormously important, a core reason why monetary policy matters. For other economists, however, sticky prices are neither widespread nor meaningful in the slightest for public policy." (REGION FOCUS) The article defines "sticky prices" and discusses their importance in economic cycles.
Records created from non-MARC resource.
There are no comments for this item.