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How output and employment equilibrium is achieved through production in the classical theory?
Wiki User
∙ 12y ago
equlibrium output and employment
Wiki User
∙ 12y ago
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Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
An economy is efficient when is has achieved?
both full employment and full production
Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
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When is equilibrium achieved?
In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
What is equilibrium in an open mixed economy?
Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
An economy is efficient when is has achieved?
both full employment and full production
How producers equilibrium is achieved with isoquant and isocost curves?
producers equilibrium is achieved with isoquants and isocost curves
Is passive equilibrium the same as equilibrium?
Passive equilibrium is an automatic and internal process through which balance is achieved. Equilibrium is a state achieved through conscious effort toward a goal.
Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
== ==
When is equilibrium achieved?
In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
How is homeostasis achieved?
it isn't achieved. homeostasis is your bodys process of keeping itself at equilibrium
What condition is achieved when molecules are evenly spread in an area?
Equilibrium
What is equilibrium in an open mixed economy?
Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
How is energy equilibrium achieved?
you know.... thats a good question. i don tknow
What is full employment level of output?
The quantity of real production or real aggregate output (or better yet, real gross domestic product) produced by the macro-economy when resources are at full employment. For all practical purposes, full-employment real production is real GDP produced when unemployment is at it's natural level, the combination of frictional and structural unemployment that can be maintained without inflation (or deflation either). For the aggregate market analysis, this is the level of real production achieved and maintained in the long run. The long-run aggregate supply curve is vertical at full-employment real production.
Equilibrium is achieved when the and chemical reactions continue to take place at the same rate?
Equilibrium occurs when the forward and backward reactions happen at the same rate
