For macro equilibrium to occur,aggregate demand must equal aggregate supply at a fairly low price level.
Correct Answer:
Verified
Q123: Keynes believed that small disturbances in the
Q124: One reason why the quantity of real
Q125: According to the Classical economists,if people are
Q126: Policy levers and external shocks are determinants
Q127: One explanation for why the AS curve
Q129: A News Wire article in the textbook
Q130: According to the real balances effect,if the
Q131: Macro equilibrium always occurs at an optimal
Q132: A News Wire article in the text
Q133: Output,jobs,and the price level are considered to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents