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.
2.4.3 Equilibrium levels of real national output Flashcards
Flashcards for Edexcel A A Level Economics 2.4.3 Equilibrium levels of real national output, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.