| 单词 | dynamics |
| 释义 | dynamics The study of how economies change over time. Change may occur as a result of exogenously determined factors, and endogenously as individuals, firms, and governments react to observed disequilibria. Dynamics is contrasted with comparative statics, which is concerned with how changes in exogenous factors or behavioural assumptions will alter equilibria. Dynamics is concerned with the questions whether, in what manner, and how rapidly an economy will approach any new equilibrium. |
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