General equilibrium 


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General equilibriumEquality of supply and demand in all markets of an economy simultaneously. The number of markets does not have to be large. The simplest Ricardian model has markets only for two goods and one factor, labor, but this is a general equilibrium model. Contrasts with partial equilibrium.Similar MatchesEquilibrium rate of interestEquilibrium rate of interestThe interest rate that clears the market. Also called the tradeclearing interest rate. DisequilibriumDisequilibrium1. Inequality of supply and demand. 2. A untenable state of an economic system, from which it may be expected to change. Computable general equilibriumComputable general equilibriumRefers to economic models of microeconomic behavior in multiple markets of one or more economies, solved computationally for equilibrium values or changes due to specified policies. The equations are anchored with data from the countries being modeled, while behavioral parameters are either assumed or adapted from estimates elsewhere. EquilibriumEquilibriumThe stable state of the system. See: Attractor. Balance of payments equilibriumBalance of payments equilibriumMeaningful only under a pegged exchange rate, this referred to equality of credits and debits in the balance of payments using the traditional definition of the capital account. A surplus or deficit implied changing official reserves, so that something would ultimately have to change. Further SuggestionsEquilibriumOne cone equilibrium Equilibrium position Equilibrium exchange rate Partial equilibrium Market equilibrium Nash equilibrium Multicone equilibrium Equilibrium level Two cone equilibrium Equilibrium price 
