Explain the difference between partial equilibrium analysis and general equilibrium analysis
What will be an ideal response?
A partial equilibrium analysis looks at adjustments in only one isolated market. A general equilibrium analysis considers the adjustments that take place in all markets.
Economics
You might also like to view...
A capital gain results when
A) an asset is sold for more than it was purchased. B) a debt is settled. C) a person purchases a bond. D) a person buys gold.
Economics
Because the consumer price index reflects the goods and services bought by consumers better than the GDP deflator does, it is the more common gauge of inflation
a. True b. False Indicate whether the statement is true or false
Economics