Which of the following is an equilibrium condition for the goods market?

Question

Quizplus · Accepted Answer

The equilibrium condition for the goods market is when desired expenditure equals total production. This means that the total amount of goods and services produced in an economy must be equal to the total amount of spending on those goods and services. This condition ensures that there is no excess supply or demand in the goods market, leading to stable prices and output. The other options listed are equilibrium conditions for other markets (money market, IS-LM model) and are not applicable to the goods market specifically.

Which of the Following Is an Equilibrium Condition for the Goods