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> "Demand is not completely inelastic at 0." No. But wages and prices are sticky. And they've been noted as such since before there was unemployment or any emp
by roc 15y ago
> "Demand is not completely inelastic at 0."
No. But wages and prices are sticky. And they've been noted as such since before there was unemployment or any employment policies of note. So it seems silly to further some notion that they may be the factors behind the stickiness and thus the failing demand.