• Study Resource
  • Explore
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
Unit 3 Macroeconomics-pp
Unit 3 Macroeconomics-pp

... monthly statistical series that usually turns down before real GDP turns down, and turns up before real GDP turns up. It’s like trying to forecast where the economy is headed in the future. ...


... Dramatic increases in the price of oil are generally acknowledged to have important effects on both economic activity. Thus, not surprisingly, a considerable body of economic research has studied oil price shocks influence economic variables. Several economists have offered a number of theoretical e ...
Reasons of Inflation
Reasons of Inflation

... index has been plunging along with depreciation of the US dollar from 138.9 in 2001 to 98.9 at present, ...
Slide 1
Slide 1

... Avg. annual growth rate over past t years = (X now / X t years ago)1/t -1 ...
AP MACRO MID-TERM REVIEW
AP MACRO MID-TERM REVIEW

... They negotiated wages that rise with inflation ...
Title Page - World Bank Group
Title Page - World Bank Group

... • Updates and revisions of item lists are inevitable • Survey frames and data quality may vary ...
Monster_Review_Economics.Answersdoc
Monster_Review_Economics.Answersdoc

... Which of the following best describes an opportunity cost? a. The additional cost of producing one additional unit of output b. An individual goes to the movies and decides to buy popcorn c. The real price of items increases as the value of money decreases d. An individual pays for a guitar lesson i ...
An Economic Perspective on the Natural Resource Curse and Its
An Economic Perspective on the Natural Resource Curse and Its

... – But often they have the needed technical expertise. – Examples: declining oil production in Mexico & Venezuela. ...
Answers to Sample Short Free-Response Questions
Answers to Sample Short Free-Response Questions

... 1. In the 1960s many newspaper reporters were accustomed to reporting a decrease in the unemployment rate when the overall price level increased. However, in the 1970s, when increases in the overall price level were accompanied by increases, not decreases, in the unemployment rate, some reporters we ...
Quarterly Review
Quarterly Review

Unemployment_inflation
Unemployment_inflation

... – Often lasting several years or more ...
Notes on Classical Economics
Notes on Classical Economics

... place given the shock to L (real money demand). or 2) they can accommodate the shock to real money demand by conducting open market purchases to keep the price level from falling. Of course, the Fed has a dual mandate and half of that mandate is stable prices – so the RBC theorists argue that if the ...
The US economic outlook
The US economic outlook

... their home jurisdiction unless governing law permits otherwise. This report should not be distributed to others or replicated in any form without prior consent of JPMorgan. This report has been issued, in the U.K. only to persons of a kind described in Article 19 (5), 38, 47 and 49 of the Financial ...
NBER WORKING PAPER SERIES PERVASIVE STICKINESS (EXPANDED VERSION) N. Gregory Mankiw Ricardo Reis
NBER WORKING PAPER SERIES PERVASIVE STICKINESS (EXPANDED VERSION) N. Gregory Mankiw Ricardo Reis

... This paper explores a macroeconomic model of the business cycle in which stickiness of information is a pervasive feature of the environment. Prices, wages, and consumption are all assumed to be set, to some degree, based on outdated information sets. We show that a model with such pervasive sticki ...
Podaż globalna, poziom cen i tempo dostosowań - E-SGH
Podaż globalna, poziom cen i tempo dostosowań - E-SGH

Actuarial Society of India EXAMINATIONS 31 October 2006
Actuarial Society of India EXAMINATIONS 31 October 2006

... A. demand at every price has gone up, but supply function is unchanged B. supply at every price has gone up, but demand function is unchanged C. at every price supply has gone up more than demand D. supply has gone up more than demand only at the equilibrium price ...
Document
Document

... power of public’s accumulated savings The change in the purchasing power of dollarRelates to assets that result from a change in the price level ...
Money Growth and Inflation
Money Growth and Inflation

... • If money supply increases to $3000, how would prices change to keep the quantity equation true? • If money supply increases to $3000, how would real GDP change to keep the quantity equation true? • If money supply increases to $3000, how would velocity change to keep the quantity equation true? • ...
HW 5.1 AP Macro – Modules 31 and 32 Directions: After reading
HW 5.1 AP Macro – Modules 31 and 32 Directions: After reading

... Directions: After reading your textbook, answer the following questions. Be sure to label any and all important information. Part One: Multiple Choice (Yes, some of these do also appear in your textbook) 1. Which of the following actions can the Fed take to decrease the equilibrium interest rate? a. ...
The Iconoclastic Economist: John Maynard Keynes and the
The Iconoclastic Economist: John Maynard Keynes and the

www.XtremePapers.com
www.XtremePapers.com

... provide tour guides and coach drivers. It is part of an organisation that has shares issued on the ...
Macro_online_chapter_10_14e
Macro_online_chapter_10_14e

Economics commentary practice
Economics commentary practice

... government  will  create  more  jobs  to  reduce  unemployment  rate  so  more  goods   and  services  will  be  produces  in  a  certain  period  of  time.   ...
1600547EE_Argentina_en PDF - CEPAL
1600547EE_Argentina_en PDF - CEPAL

... increase in the cost of public utilities that had been heavily subsidized in previous years, with a view to reducing the fiscal deficit. Cumulative inflation between December and April was 21.6%, with a year-onyear rate of 40.4%. This resulted in a substantial drop in real wages (-6.8% between Novem ...
Diapositiva 1
Diapositiva 1

... There are three different but related reasons which explain why a fall in the price level increases the quantity of goods and services demanded: - Consumers are encouraged to spend more, which stimulates the demand for consumption goods. - Interest rates fall, which stimulates the demand for invest ...
< 1 ... 215 216 217 218 219 220 221 222 223 ... 278 >

Nominal rigidity

Nominal rigidity, also known as price-stickiness or wage-stickiness, describes a situation in which the nominal price is resistant to change. Complete nominal rigidity occurs when a price is fixed in nominal terms for a relevant period of time. For example, the price of a particular good might be fixed at $10 per unit for a year. Partial nominal rigidity occurs when a price may vary in nominal terms, but not as much as it would if perfectly flexible. For example, in a regulated market there might be limits to how much a price can change in a given year.If we look at the whole economy, some prices might be very flexible and others rigid. This will lead to the aggregate price level (which we can think of as an average of the individual prices) becoming ""sluggish"" or ""sticky"" in the sense that it does not respond to macroeconomic shocks as much as it would if all prices were flexible. The same idea can apply to nominal wages. The presence of nominal rigidity is animportant part of macroeconomic theory since it can explain why markets might not reach equilibrium in the short run or even possibly the long-run. In his The General Theory of Employment, Interest and Money, John Maynard Keynes argued that nominal wages display downward rigidity, in the sense that workers are reluctant to accept cuts in nominal wages. This can lead to involuntary unemployment as it takes time for wages to adjust to equilibrium, a situation he thought applied to the Great Depression that he sought to understand.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report