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Macroeconomic equilibrium

Macroeconomic equilibrium exists when aggregate demand is equal to aggregate supply in the economy, that is, AD = AS.

Where this appears

The syllabus topics that use this term.

  • 3.2Assumptions and Implications of AS Models
  • 3.2Keynesian Equilibrium and Output Gaps
  • 3.2Shifts of the LRAS or Keynesian AS Curve

Taught in Variations in Economic Activity: Aggregate Demand and Aggregate Supply

All 809 terms
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