Question

3) Explain equilibrium. (keynes employment)​

Answer 1

Answer:

state of balance, especially between forces or influences that are working in opposite ways

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Answer 2

Answer:

Explanation:

n the short period, level of national income and so of employment is determined by aggregate demand and aggregate supply in the country. The equilibrium of national income occurs where aggregate demand is equal to aggregate supply. This equilibrium is also called effective demand point"