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M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 5
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&B3 3rd Edition by Dean Croushore
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