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    Principles of Economics Study Set 12
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    Exam 24: The Economic Fluctuations Model
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    Is the Price Adjustment Described in This Chapter the Same
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Is the Price Adjustment Described in This Chapter the Same

Question 21

Question 21

Essay

Is the price adjustment described in this chapter the same as the price adjustment in the microeconomic supply and demand models? Explain.

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The price adjustment mechanism described...

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