Difference between revisions of "Market-clearing model"
(Created page with "Market-clearing model is a model that assumes that prices freely adjust to equilibrate supply and demand. ==Definition== According to Macroeconomics by Mankiw (7th edit...") |
(No difference)
|
Latest revision as of 17:41, 2 July 2020
Market-clearing model is a model that assumes that prices freely adjust to equilibrate supply and demand.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Market-clearing model. A model that assumes that prices freely adjust to equilibrate supply and demand.