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The Sonnenschein–Mantel–Debreu theorem (named after Gérard Debreu, Rolf Ricardo Mantel, and Hugo Freund Sonnenschein) is a result in general equilibrium economics. It states that the excess demand function for an economy is not restricted by the usual rationality restrictions on individual demands in the economy. Thus, microeconomic rationality assumptions have no equivalent macroeconomic implications.

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  • The Sonnenschein–Mantel–Debreu theorem (named after Gérard Debreu, Rolf Ricardo Mantel, and Hugo Freund Sonnenschein) is a result in general equilibrium economics. It states that the excess demand function for an economy is not restricted by the usual rationality restrictions on individual demands in the economy. Thus, microeconomic rationality assumptions have no equivalent macroeconomic implications.
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