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Two thermometers are calibrated, one in degrees Celsius and the other in degrees Fahrenheit. At what temperature (in kelvins) do their readings measure the same temperature?
Equilibrium
An equilibrium in the market where demand matches supply, thereby stabilizing prices.
General Equilibrium
An economic condition where supply and demand are balanced across all markets in the economy, leading to an optimal distribution of resources.
Simultaneous Equilibrium
A condition in which all markets in an economy are in equilibrium at the same time, reflecting a balance between supply and demand.
Capital Flows
Movements of capital in the form of money or investment from one country to another.
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