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M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351M & B 4th Edition by Dean Croushore
Edition 4ISBN: 978-1111823351 Exercise 7
Explain the difference between general-equilibrium models and partial-equilibrium models. How are the numbers of endogenous and exogenous variables related to whether a model is a partialequilibrium model or general-equilibrium model?
Explanation
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If all the key economic variables are en...
M & B 4th Edition by Dean Croushore
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