Have All Modern Economists Given Up the Use of the Traditional

question 24

Essay

Have all modern economists given up the use of the traditional building blocks? Why or why not?

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Definitions:

Logarithms

Mathematical operations that are the inverse of exponentiation, indicating the power to which a base number is raised to obtain a particular number.

Condense

To make something denser or more compact, especially in the context of writing or presenting information.

Logarithms

The magnitude a base, such as 10 or e, must reach when raised to result in a designated number.

Expand

To multiply out the terms of an expression.