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core (DO)<br />A set of possible equilibrium prices. As originally devised by EDGEWORTH in Mathematical Psychics (1881), it corresponds to all PARETO-EFFICIENT positions in a twoperson, two-good economy which show improvement after trade. This concept has been applied to the study of co-operative games and is shown by the coNTRAcr CURVE in the EDGEWORTH BOX diagram. The core coincides with a set of price equilibria under PERFECf COMPETITION, i.e. GENERAL EQUILIBRIUM.<br /> core economy (PO)<br />A major economy, usually a MARKET ECONOMY, which plays a leading role in world trade.
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<strong>Subsidized loan</strong> – A loan eligible for federal interest benefits. The federal government pays the interest that accrues on subsidized Federal Stafford Loans during the student' s in-school, grace, and authorized deferment periods.
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