What is meant by the terms nominal and real rigidities? If nominal rigidities could be completely removed

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What is meant by the terms nominal and real rigidities? If nominal rigidities could be completely removed from the U.S. economy, would that solve the problem of output and employment fluctuations during business cycles?
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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