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Adjustment Speed

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About 1 pages (38 words)
Economics Summary

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Routledge Dictionary of Economics, Second Edition

adjustment speed (D0)

The time it takes a price to adjust to EXCESS DEMAND or EXCESS SUPPLY in a particular market. This is crucial to the study of money wage rates, product prices, interest rates and nominal exchange rates.

This is the complete article, containing 38 words (approx. 1 page at 300 words per page).

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Adjustment Speed from Routledge Dictionary of Economics, Second Edition. ISBN: 0-203-00054-4. Published: 2005–06–05. ©2009 Taylor and Francis. All rights reserved.



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