sticky price

简明释义

粘性价格

英英释义

例句

1.In a recession, many businesses maintain their sticky price (粘性价格) to avoid losing customers.

在经济衰退期间，许多企业保持其sticky price (粘性价格)，以避免失去客户。

2.The concept of sticky price (粘性价格) helps explain why inflation can persist even when demand decreases.

sticky price (粘性价格) 的概念有助于解释为什么即使需求减少，通货膨胀仍然可能持续。

3.Economists often discuss sticky price (粘性价格) when analyzing market responses to economic shocks.

经济学家在分析市场对经济冲击的反应时，经常讨论sticky price (粘性价格)。

4.During the pandemic, many restaurants had to adjust their sticky price (粘性价格) strategies to stay afloat.

在疫情期间，许多餐馆不得不调整其sticky price (粘性价格) 策略以维持生存。

5.A common example of sticky price (粘性价格) is how wages tend to remain constant despite changes in the economy.

一个常见的sticky price (粘性价格) 例子是工资往往在经济变化时保持不变。

作文

In the realm of economics, the concept of sticky price (粘性价格) plays a significant role in understanding how markets operate. A sticky price refers to a situation where the price of a good or service does not change easily in response to changes in supply and demand. This phenomenon can be attributed to various factors, including menu costs, contractual obligations, and consumer expectations. Understanding sticky prices is crucial for both policymakers and businesses as it affects inflation, employment, and overall economic stability.To illustrate the idea of sticky prices, consider the restaurant industry. When the cost of ingredients rises, many restaurants may choose not to raise their menu prices immediately. This decision could stem from a desire to maintain customer loyalty or due to the costs associated with changing menus and reprinting them. As a result, the prices of meals remain unchanged for some time, despite the increase in costs. This behavior exemplifies how sticky prices can lead to short-term inefficiencies in the market.Additionally, sticky prices can contribute to economic phenomena such as recessions. During an economic downturn, consumers may reduce their spending, leading to a decrease in demand for goods and services. However, if companies cannot lower their prices quickly due to sticky prices, they may face excess inventory and reduced revenue. This situation can lead to layoffs and further exacerbate the economic downturn, creating a vicious cycle that is difficult to break.On a broader scale, central banks often consider sticky prices when formulating monetary policy. For example, if a central bank wants to combat inflation, it may raise interest rates to encourage saving and reduce spending. However, if prices are sticky, businesses may not immediately lower their prices, which can delay the intended effects of such policies. This lag can complicate the central bank's efforts to stabilize the economy and control inflation.Moreover, sticky prices can also be seen in labor markets. Wages tend to be sticky as well, meaning that employers are often reluctant to cut wages even in times of economic hardship. This reluctance can stem from concerns about employee morale and the potential loss of skilled workers. As a result, when companies face financial difficulties, they may resort to layoffs rather than wage cuts, which can lead to higher unemployment rates.In conclusion, the concept of sticky prices (粘性价格) is essential for understanding various economic dynamics. It illustrates why prices do not always adjust quickly to changes in supply and demand and highlights the implications this has for inflation, employment, and monetary policy. By recognizing the significance of sticky prices, economists and policymakers can better navigate the complexities of the economy and work towards more effective solutions for economic challenges.