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2.4.3 Equilibrium levels of real national output
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Macroeconomic equilibrium

Macroeconomic equilibrium

AD/AS diagram showing equilibrium and a rightward shift in aggregate demand

Equilibrium real national output is the level of real output at which aggregate demand equals aggregate supply. At this point, planned spending matches planned output, so firms have no reason to change production.

2.4.3 Equilibrium levels of real national output Lesson

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

Step-by-step lessons covering Edexcel A A Level Economics 2.4.3 Equilibrium levels of real national output for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.