Examlex
Franz Anton Mesmer, the first practitioner of hypnosis, believed that the effects he produced were due to
Demand Equals Supply
An equilibrium condition in markets where the quantity of a good demanded by consumers is equal to the quantity of the good supplied by producers.
Numeraire
is a standard unit of measurement in economic models used to express prices and exchange rates.
Edgeworth Box
A diagram used in economics to show the distribution of resources and the allocation of goods in a two-person, two-good economy.
Contract Curve
In economics, the curve that represents the set of Pareto efficient allocations in an Edgeworth Box diagram.
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