noun
price rigidity; price stickiness
Economics term referring to the resistance of prices to change despite shifts in supply and demand. Often discussed in macroeconomics.
価格硬直性は、ケインズ経済学の重要な概念の一つです。
Price rigidity is one of the key concepts in Keynesian economics.
Price stickiness is observed in this market, where prices are slow to fall even when demand decreases.