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<strong>Emergency action</strong> – A special action taken by the guarantor or by the U.S. Department of Education to temporarily suspend a school, lender, or servicer from participation in the federal student aid programs. An emergency action may be followed by the initiation of formal Limitation, Suspension, and Termination procedures.
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coconut model (E1)<br />A model of a tropical island in which there is a taboo against eating the coconuts one has picked so there has to be a trade of nuts for nuts before consumption can occur. The ability to trade depends on the number of potential trading partners. There is no mechanism to ensure forecasts of the time to complete a trade. This model reflects the modern reality of producers consuming little of what they produce.<br /><em>See also:</em> Robinson Crusoe economy <br /><em>Reference</em><br />Diamond, P.A. (1982) 'Aggregate demand in search equilibrium', Journal of Political Economy 90: 881-94.
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