Question

Macroeconomic equilibrium occurs when aggregate supply and aggregate demand meet. What does this indicate about society?

Society’s supply and demand have stagnated.
Society is using all of its resources efficiently.
Society’s needs are being fully met. Society is not using all of its resources effectively.

Answer 1

this situation indicates that: Society is using all of its resources efficiently


When society uses its resources efficiently, the producers will able to sell the product with the cheapest price possible.t his condition will attract the most ideal amount of the demands to the point where the supply and demand curve pulled each other to the equilibrium point