单词 | disequilibrium |
释义 | disequilibrium A situation in which plans cannot be carried out. Ex ante plans for spending and selling, or for producing and consuming, cannot be carried out if they are inconsistent with each other, or with objective facts. Disequilibrium can arise in particular markets, in the level of activity as a whole, or in the external relations between countries: it is the normal state of the real world economy. It produces discrepancies between ex ante plans and ex post facts, which lead to a dynamic process of change. Economic dynamics studies whether the reactions to disequilibrium tend to reduce its extent or to exacerbate it. See also: fundamental disequilibrium |
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