For example, the Price Rigidity, it means that the prices adjust less frequent than expected.
Or, we say the Wage Rigidity, it means that the wage adjust very infrequent.
Also look at Sticky Price Assumption
For example, the Price Rigidity, it means that the prices adjust less frequent than expected.
Or, we say the Wage Rigidity, it means that the wage adjust very infrequent.
Also look at Sticky Price Assumption