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Sagot :
(b)
Equilibrium output will be greater than the efficient output
- Equilibrium output is the point where national income is equal to planned aggregate expenditure.
- Equilibrium output occurs where AD (Aggregate Demand)= AS (Aggregate supply)
- Equilibrium - It is that type of state where market demand and market supply are balanced.
- Disequilibrium- It is the opposite of equilibrium or when is not in the state of equilibrium position it is automatically considered as disequilibrium.
- Different types of equilibrium are as follows-
- Economic equilibrium
- Competitive equilibrium
- General equilibrium
- Underemployment equilibrium
- Lindahl equilibrium
- Intertemporal equilibrium
- Nash equilibrium
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