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Card 1 of 25

When is real national output in macroeconomic equilibrium?

A

AD is less than AS, so output has no tendency to change.

B

AD equals AS, so output has no tendency to change.

C

Price level equals real output, so output has no tendency to change.

D

AD is greater than AS, so output has no tendency to change.

Card 1 of 25

2.4.3 Equilibrium levels of real national output Flashcards

  1. A Level
  2. /Economics
  3. /2.4.3 Equilibrium levels of real national output

25 flashcards on Edexcel A A Level Economics 2.4.3 Equilibrium levels of real national output: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards