General Equilibrium Analysis Is Different from Partial Equilibrium Analysis in That

question 76

Multiple Choice

General equilibrium analysis is different from partial equilibrium analysis in that general equilibrium analysis:

• A) explicitly takes feedback effects into account and partial equilibrium analysis does not.
• B) does not take into consideration specific problems, but partial equilibrium analysis does.
• C) takes into consideration specific problems, but partial equilibrium analysis does not.
• D) allows one to arrive at a specific conclusion, but partial equilibrium analysis does not.

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