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AS Level Economics - Macro > Macroeconomic Equilibrium > Flashcards

Macroeconomic Equilibrium Flashcards

1
Q

Why do we always return to Yfe?

A

Markets clear, prices adjust to take us back to Yfe.

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2
Q

What happens when we are below YFe?

A

Spare capacity, costs fall.

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AS Level Economics - Macro (10 decks)

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