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4.3.11 establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment

Where is macroeconomic equilibrium shown in an AD/AS diagram?

A

At the intersection of AS and the horizontal axis.

B

At the intersection of AD and the vertical axis.

C

At the maximum point of the AD curve.

D

At the intersection of AD and AS.

4.3.11 establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment Flashcards

  1. Intl A Level
  2. /Economics
  3. /4.3.11 establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment

20 flashcards on CIE Intl A Level Economics 4.3.11 establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment: the key terms and definitions you need to recall.