Equilibrium levels of Real National Output Flashcards by Jamie Perritt | Brainscape

Q

macro-economic equilibrium

A

The economy is in macro-economic equilibrium when AD = AS

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Q

SRAS Equilibrium diagram u

A

u

SRAS = AD

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Q

LRAS Equilibrium Diagram u

A

u

SRAS & LRAS = AD

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Q

Keynesian LRAS Diagram u

A

u

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