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I’m not clear on your interpretation. Aggregate demand/supply and such models you find in Econ 101 are all about demonstrating the effect of things changing, as
by pram 5y ago
I’m not clear on your interpretation. Aggregate demand/supply and such models you find in Econ 101 are all about demonstrating the effect of things changing, as you just described. In a supply shock for example, convergence to equilibrium is the change.