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Disequilibrium macroeconomics is a tradition of research centered on the role of disequilibrium in economics. This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market clearing approach, and non-tâtonnement theory. [ 1] Early work in the area was done by Don Patinkin, Robert W. Clower, and Axel Leijonhufvud.
Economics. In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the ( equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded ...
Linkage disequilibrium. In population genetics, linkage disequilibrium ( LD) is a measure of non-random association between segments of DNA ( alleles) at different positions on the chromosome ( loci) in a given population based on a comparison between the frequency at which two alleles are detected together at the same loci and the frequencies ...
Disequilibrium is the lack of or opposite of an equilibrium.. Economics. lack of economic equilibrium; General disequilibrium; Disequilibrium (economics) Medicine. Disequilibrium (medicine) (DES), a syndrome in cerebral palsy
Excess supply. In economics, an excess supply, economic surplus [ 1] market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than the quantity demanded, [ 2] and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish ...
General disequilibrium. In macroeconomic theory, general disequilibrium is a situation in which some or all of the aggregated markets, such as the money market, the goods market, and the labor market, fail to clear because of price rigidities. [1] In the 1960s and 1970s, economists such as Edmond Malinvaud, Robert Barro and Herschel Grossman ...
Dizziness is an imprecise term that can refer to a sense of disorientation in space, vertigo, or lightheadedness. [ 1] It can also refer to disequilibrium [ 2] or a non-specific feeling, such as giddiness or foolishness. [ 3] Dizziness is a common medical complaint, affecting 20–30% of persons. [ 4] Dizziness is broken down into four main ...
Monetary disequilibrium theory is a product of the monetarist school and is mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concepts of monetary equilibrium and disequilibrium were, however, defined in terms of an individual's demand for cash balance by Mises (1912) in his Theory of Money and Credit .