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Microeconomic equalibrium happens when the aggregate supply and aggregate demand curves intersect.

Question 13 options:
True
False

User Phu Ngo
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2 Answers

6 votes

Answer:

False

Step-by-step explanation:

Macroeconomic equilibrium (not microeconomic equilibrium) is when the aggregate supply and aggregate demand curves intersect

User Eugene Glova
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6 votes

It is true that microeconomic equalibrium happens when the aggregate supply and aggregate demand curves intersect.

Answer: Option

Step-by-step explanation:

The aggregate demand curve shows the total quantity of all goods and services demanded by the economy at the different price level of all final goods and services. The aggregate supply curve shows the quantity of real GDP it's supplied by the economy at the different price levels.

When the intersection of aggregate demand and supply curves determines means it's micro economic equilibrium level of real GDP and the price level in the economy.

User Arpit Ratan
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