Macroeconomic equilibrium occurs when:
A)the economy has reached its maximum capacity.
B)the real GDP is equal to the potential GDP.
C)the quantity of output that buyers collectively want to buy is equal to the quantity of output that sellers collectively produce.
D)unemployment is at the lowest possible level.

Question

Quizplus · Accepted Answer

Macroeconomic equilibrium occurs when the aggregate demand equals the aggregate supply, meaning the quantity of output that buyers want to buy is equal to the quantity of output that sellers produce.

Macroeconomic Equilibrium Occurs When