0 the force that makes it difficult for one object to slide along the surface of another or to move through a liquid or gas -- 摩擦力；摩擦
1 disagreement or unfriendliness caused by people having different opinions -- （觀點不同者之間的）摩擦，不和
While funds are free to rebalance their investments as asset prices change, there are the frictions of transactions costs and inertia.
The joint frictions have been taken into account in the proposed lagrangian model.
If trade frictions are low, conducting trade in the unorganized sector is so attractive that it may not generate sufficient profits for the intermediation business.
If trade frictions are moderate, bills circulate as a general medium of exchange, and the level of specialization is higher relative to barter.
In the latter, indeterminacy significantly relied on scale economies, whereas here it almost exclusively rests on frictions in financial market.
When trade frictions are low, conducting trade in the unorganized sector is so attractive that it may not generate sufficient profits for the intermediation business.
The amount of nominal volatility, however, is shown to vary with asset market frictions and with government policy.
The nominal frictions in terms of the degrees of price and wage stickiness are somewhat smaller in the open-economy model.
