Price Adjustments

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August 31, 2024 4 min read Definitions
FIXPRICE: Fixed Price Economic Model
Economics Finance Keynesian Economics Economic Models Price Adjustments New Keynesian Economics Macro-Economic Theory
An in-depth look at the FIXPRICE economic model, which emphasizes fixed prices in the short run and faster quantity adjustments, foundational to Keynesian and New Keynesian economics.
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August 31, 2024 4 min read Definitions
Tâtonnement Process: An Iterative Process to Achieve Market Equilibrium Through Price Adjustments
Economics Finance Market Equilibrium Price Adjustments General Equilibrium Theory Iterative Method Economic Theory
An in-depth exploration of the tâtonnement process, its definition, mechanics, historical context, and application in achieving market equilibrium.
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