ECONOMICS!!!example -partial and general equalibrium....?

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ECONOMICS!!!example -partial and general equalibrium....?

what would be a good and simple economy example to use to elaborate on partial and general equalibrium....

2007-06-25 01:58:52 · 1 answers · asked by jerry s 1 in Social Science ➔ Economics

1 answers

Look at the effects of a minimum wage. There are several models available in the literature. For example see http://links.jstor.org/sici?sici=0008-4085(196911)2%3A4%3C599%3AMWLAGE%3E2.0.CO%3B2-C

2007-06-25 02:12:34 · answer #1 · answered by meg 7 · 0⤊ 1⤋