General equilibrium
Revision as of 15:19, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "General equilibrium is the simultaneous equilibrium of all the markets in the economy. ==Definition== According to Macroeconomics by Mankiw (7th edition), :General...")
General equilibrium is the simultaneous equilibrium of all the markets in the economy.
Definition
According to Macroeconomics by Mankiw (7th edition),
- General equilibrium. The simultaneous equilibrium of all the markets in the economy.