27718
AssignmentDropdown

Introduction to Macroeconomics

Question 27718 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Aggregate supply and aggregate demand are similar to supply and demand in that prices must reach to benefit both producers and consumers.

Answer
A
equilibrium
B
disequilibrium

Explanation

Prices must reach equilibrium for aggregate supply and aggregate demand to balance. At equilibrium, the quantity producers are willing to supply matches the quantity consumers are willing to buy, benefiting both sides. The correct choice is equilibrium.

AI-written and checked against the verified answer.

Previous
Next