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Macroeconomics

Long-Run Macroeconomic Equilibrium and Its Explanation

Updated on September 11, 2022 · By Ahmad Nasrudin Tag: Aggregate Demand, Aggregate Supply, Full Employment, Macroeconomic Equilibrium, Potential GDP

Long-Run Macroeconomic Equilibrium and Its Explanation

What's it: Long-run macroeconomic equilibrium occurs when the aggregate demand curve intersects the short-run aggregate supply curve at the point of the long-run aggregate supply curve. In other words, the short-run macroeconomic

Tag: Aggregate Demand, Aggregate Supply, Full Employment, Macroeconomic Equilibrium, Potential GDP

Macroeconomics

Why does full employment not mean 0 unemployment

Updated on April 8, 2022 · By Ahmad Nasrudin Tag: Full Employment, Unemployment

Does full employment mean no unemployment? The answer is no. When the economy operates at full employment, unemployment remains. The unemployment rate is not zero. Why not zero percent? Only the cyclical unemployment rate is zero percent during

Tag: Full Employment, Unemployment

Macroeconomics

Full Employment: Meaning, Implication for Unemployment

Updated on September 4, 2022 · By Ahmad Nasrudin Tag: Full Employment, Macroeconomic Equilibrium

What's it: Full employment means an economy is fully utilizing its productive resources. At this condition, the economy produces at its potential output, and the unemployment rate is at its natural rate.  Is full employment means zero

Tag: Full Employment, Macroeconomic Equilibrium

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