static
(adjective)
Unchanging; that cannot or does not change.
Examples of static in the following topics:
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Introducing Aggregate Supply
- The long-run aggregate supply curve is static because it is the slowest aggregate supply curve.
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Changes in Demand and Supply and Impacts on Equilibrium
- In a static market it would be reasonable to assume that prices and volumes would remain fairly predictable and consistent relative to the population, but realistic markets are not static.
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Equilibrium
- This is a mechanical, static conception of equilibrium.
- Neoclassical economics uses "comparative statics" as a method by which different states can be analyzed.
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Moving from Short-Run to Long-Run
- The long-run supply curve is static and shifts the slowest of all three ranges of the supply curve.
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Reasons for and Consequences of Shift in Aggregate Supply
- The long run curve is often seen as static because it shift the slowest.
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Clearing the Market at Equilibrium Price and Quantity
- Even in static markets there is competitive consolidation that allows companies to charge differing price points than that of the equilibrium.
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The Slope of the Long-Run Aggregate Supply Curve
- The long-run aggregate supply curve is static because it shifts the slowest of the three ranges of the aggregate supply curve.
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Alternative Views
- The implications of this graph pertain to the static representation of monetary policy and the effects on an economic system.
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Introduction to Property Rights
- Property rights justified on natural rights tends to be static while pragmatism tends to justify property rights that evolve to meet the needs of changing circumstances (population, technology, environment, etc.).
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Issues In Property Rights
- As Hayek has pointed out, property rights cannot be static; the property rights that apply to chattel property of individuals may not apply equally well to intellectual property.