Economics · Macroeconomics
Consider the following statements regarding macroeconomic equilibrium: (a) Equilibrium requires ex ante aggregate demand to equal ex ante aggregate supply. (b) Accounting identity always holds ex post. (c) Ex ante equality always holds even when there is excess supply. (d) Unintended inventory accumulation reflects disequilibrium. Which of the above statements are correct?
- 1(a), (b), (c) and (d)
- 2(b), (c) and (d) only
- 3(a) and (c) only
- 4(a), (b) and (d) only✓
Correct answer
(a), (b) and (d) only
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