by Summary:
At the macro level, equilibrium requires that total demand in product markets equals total supply. This could occur at high or low levels of output and employment. For this reason, equality of supply and demand in product markets does not imply full employment. heteconomistShort & Simple 17 – A Notion of Macroeconomic EquilibriumPeter Cooper
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Mike Norman considers the following as important: macroeconomic equilibrium
This could be interesting, too:
At the macro level, equilibrium requires that total demand in product markets equals total supply. This could occur at high or low levels of output and employment. For this reason, equality of supply and demand in product markets does not imply full employment. heteconomistShort & Simple 17 – A Notion of Macroeconomic EquilibriumPeter Cooper
Topics:
Mike Norman considers the following as important: macroeconomic equilibrium
This could be interesting, too:
At the macro level, equilibrium requires that total demand in product markets equals total supply. This could occur at high or low levels of output and employment. For this reason, equality of supply and demand in product markets does not imply full employment.heteconomist
Short & Simple 17 – A Notion of Macroeconomic Equilibrium
Peter Cooper