General disequilibrium
id:
general-disequilibrium-197-10143202
title:
General disequilibrium
text:
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. In the 1960s and 1970s, economists such as Edmond Malinvaud, Robert Barro and Herschel Grossman, Axel Leijonhufvud, Robert Clower,
and Jean-Pascal Benassy investigated how economic policy would impact an economy where prices did not adjust quickly to changes in supply and demand.
brand slug:
wiki
category slug:
encyclopedia
description:
Macroeconomic concept
original url:
https://en.wikipedia.org/wiki/General_disequilibrium
date created:
date modified:
2022-06-12T00:58:03Z
main entity:
{"identifier":"Q3526886","url":"https://www.wikidata.org/entity/Q3526886"}
image:
fields total:
13
integrity:
14