Micro And Macro
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작성자 Glory 작성일24-10-01 22:19 조회5회 댓글0건관련링크
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Economists implicitly assumed that either markets had been in equilibrium—such that prices would regulate to equalize provide and demand—or that in the occasion of a transient shock, such as a monetary disaster or a famine, markets would quickly return to equilibrium. In other words, economists believed that the examine of individual markets would adequately clarify the conduct of what we now call aggregate variables, reminiscent of unemployment and output. The severe and prolonged world collapse in financial exercise that occurred throughout the good Depression changed that. It was not that economists have been unaware that aggregate variables may very well be unstable. They studied enterprise cycles—as economies regularly modified from a situation of rising output and employment to lowered or falling development and rising unemployment, continuously punctuated by severe modifications or economic crises.

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