Economics and Finance 3

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  • Created by: dxyz
  • Created on: 18-05-15 16:08

·         The market is imperfect and not self-sustaining

·         There may be unemployment even when the market is in equilibrium. Full employment was not the nature state of affairs ensured by the operation of market forces. The Economy could settle at an equilibrium position where there was high unemployment. Unemployment was the result of a deficiency in demand that


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