Ch 83: Understanding Macroeconomic Equilibrium

About This Chapter

Enhance your understanding of macroeconomic equilibrium with help from fun video lessons, mini quizzes and a practice exam. These resources can strengthen your comprehension as you study for an upcoming test.

Understanding Macroeconomic Equilibrium - Chapter Summary

Get a quality understanding of macroeconomic equilibrium by utilizing this chapter's informative lessons. Review fun videos in a secure online environment to learn more about real output, full employment GDP, the business cycle and much more. By the end of this chapter, you will have the knowledge to:

  • Use the GDP deflator and calculate real GDP
  • Share the definition of full employment GDP and describe expansionary and contradictory gaps
  • Explain how the business cycle describes economic performance over time
  • Differentiate between recession and depression

Don't let a busy schedule get in the way of your study of macroeconomic equilibrium. This chapter can accommodate any schedule thanks to around-the-clock computer and mobile access. Get all the information you need about macroeconomic equilibrium via entertaining lessons, and gauge your comprehension with help from short lesson quizzes and a chapter exam. Clarify details you don't fully understand by sending your questions to our experts.

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