equilibrium effect
[/ˌɛkwɪˈlɪbriəm ɪˈfɛkt/]
nounpl: equilibrium effects
efeito de equilíbrio
1. In economics, the overall impact on market prices and quantities when an economy adjusts from one equilibrium state to another after a shock or policy change
The equilibrium effect of the tax increase included both higher prices for consumers and reduced production by firms.
O efeito de equilíbrio do aumento de impostos incluiu tanto preços mais altos para os consumidores quanto redução da produção pelas empresas.
2. The long-run adjustment of supply and demand that occurs after an initial shock, as opposed to immediate or partial responses
While the short-term effect was minimal, the equilibrium effect became apparent after two years.
Embora o efeito a curto prazo fosse mínimo, o efeito de equilíbrio tornou-se aparente após dois anos.
3. In policy analysis, the net result of all direct and indirect effects when markets fully adjust to a policy intervention
The equilibrium effect of minimum wage legislation showed job losses across multiple sectors.
O efeito de equilíbrio da legislação de salário mínimo mostrou perdas de empregos em múltiplos setores.
This is a technical economic term commonly used in academic and policy discussions in both the USA and Brazil. In the USA, it's frequently referenced in economics education and policy debates regarding minimum wage, taxation, and regulation. In Brazil, the term is used in economic research and policy analysis, particularly by IPEA (Instituto de Pesquisa Econômica Aplicada) and academic institutions. The concept is central to microeconomic theory taught in universities in both countries.
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