Price Stickiness & Menu Prices

Now I'll actually start my first relevant post about Economics and why it actually does matter to EVERYONE! Below is an example of Price Stickiness and Menu Prices. When the Price Level rises (inflation), sometimes it is just too expensive to change your prices. How to solve that problem? Look no further:




Read more:

http://consumerist.com/5027023/how-would-you-like-your-inflation-served




I did send this to Greg Mankiw in an attempt to have it posted to his blog. We'll see how that goes.