Economics · General Equilibrium
In which framework is equilibrium achieved when all markets simultaneously clear—supply equals demand in every market—and relative prices adjust to ensure mutual consistency across sectors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Keynesian equilibrium
- 2General equilibrium✓
- 3Disequilibrium
- 4Partial equilibrium
Correct answer
General equilibrium
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