| 单词 | wage stickiness |
| 释义 | wage stickinesswage stickinessthe tendency for WAGES to adjust downwards slowly in response to EXCESS SUPPLY in the LABOUR MARKET. To the extent that labour markets are characterized by wage stickiness, a deficiency of AGGREGATE DEMAND will usually lead to INVOLUNTARY UNEMPLOYMENT. See KEYNESIAN ECONOMICS, ADJUSTMENT SPEED. |
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