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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 18
Biological evolution occurs very slowly; cultural evolution occurs less slowly, but still slowly compared to institutional and market evolution.
a. Give some examples of these observations about the different speeds of adjustment.
b. Explain the relevance of these observations to economic reasoning.Institutionalist)
a. Give some examples of these observations about the different speeds of adjustment.
b. Explain the relevance of these observations to economic reasoning.Institutionalist)
Explanation
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(a) Biological evolution needs natural s...
Macroeconomics 9th Edition by David Colander
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