rigidity
/ɹɪˈd͡ʒɪdɪti/ · ri·gi·di·ty
noun
- The quality or state of being rigid; want of pliability; the amount of resistance with which a body opposes change of form. The rigidity of the steel beam prevented it from bending under the heavy load.
- Stiffness of appearance or manner; want of ease or elegance. His rigidity in dress made him look out of place at the informal party.
- Stickiness of prices or wages; the tendency of them to adjust to economic changes only after a delay. Economists warned that the rigidity of wages could prolong the recession.
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Did you know? The term ‘price rigidity’ became a cornerstone of Keynesian economics in the 1930s, shaping how policymakers think about wage and price controls.