a) In what sense is the model in Chapter 10 a general equilibrium model? Are any of
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a) In what sense is the model in Chapter 10 a general equilibrium model? Are any of the models in the earlier chapters general equilibrium models?
b) What are the advantages and disadvantages of working with general equilibrium rather than partial equilibrium models?
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a The model in this chapter sets out the conditions for general equilibrium in the economy as a whol...View the full answer
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Related Book For
Exchange Rates and International Finance
ISBN: 978-0273786047
6th edition
Authors: Laurence Copeland
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