Question

(d) Write about Hick's 'economic dynamics'.​

Answer 1

Answer:

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According to Prof. Hicks, “Economic dynamics refers to that part of economic theory in which all quantities must be dated.” From Prof. ... But in dynamic economics we also study the path of change or the movement towards equilibrium.

Answer 2

Answer:

According to Prof. Hicks, “Economic dynamics refers to that part of economic theory in which all quantities must be dated.” From Prof. ... But in dynamic economics we also study the path of change or the movement towards equilibrium.