The EzyEducation website uses cookies to help ensure we give you the best experience.
If you continue without changing your settings, we assume that you are happy to receive all cookies on the EzyEducation website.
Please refer to our Privacy and Cookies Statement to

find out more.

Continue

Macro equilibrium

When real output and the price level are stable because AD = AS.

This equilibrium is highlighted below due to the lack of an output gap and therefore in this instance the economy is at the full employment level.

Forgot your password?