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Response to What is the Price Mechanism?

from imran wazir (wizimran@hotmail.com)
Price mechanism refers to the an uatomatic process by whicch prices in a free market are detemined. Prices so defined are the result of interaction of two forces... that is supply side and demand side. In addition it also helps to understand tradeoff between inflation and unemployeement,PHILIPS CURVE.
(posted 7066 days ago)

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