The Aggregate Demand-Supply Model

Macroeconomic Equilibrium In economics, the macroeconomic equilibrium is a state where aggregate supply equals aggregate demand. Learning Objectives Analyze aggregate demand and supply in the long run Key Takeaways Key Points Equilibrium is the price -quantity pair where the quantity demanded is equal to the quantity supplied. In the long-run, increases in aggregate demand cause … Continue reading The Aggregate Demand-Supply Model