According to Keynes,which of the following is always true at macro equilibrium?
A) The economy achieves full employment
B) Aggregate demand is inadequate
C) Prices are at the appropriate level
D) Aggregate demand equals aggregate supply

Question

Quizplus · Accepted Answer

According to Keynes, macro equilibrium occurs when aggregate demand equals aggregate supply. This means that there is no excess demand or excess supply in the economy, and firms are producing at their optimal level. However, this does not necessarily mean that the economy is at full employment or that prices are at an appropriate level.

According to Keynes,which of the Following Is Always True at Macro