a long - run equilibrium occurs when long - run aggregate supply and aggregate demand meet. what does having…

a long - run equilibrium occurs when long - run aggregate supply and aggregate demand meet. what does having long - run equilibrium indicate about a society?\nthe societys supply and demand have stagnated.\nthe society is using all of its resources efficiently.\nthe societys needs are being fully met.\nthe society is not using all of its resources effectively.

a long - run equilibrium occurs when long - run aggregate supply and aggregate demand meet. what does having long - run equilibrium indicate about a society?\nthe societys supply and demand have stagnated.\nthe society is using all of its resources efficiently.\nthe societys needs are being fully met.\nthe society is not using all of its resources effectively.

Answer

Brief Explanations:

In long - run equilibrium in macroeconomics, the long - run aggregate supply curve represents the full - employment level of output. When long - run aggregate supply and aggregate demand meet, it implies that the economy is operating at its potential output level, which means the society is using all of its resources efficiently. Stagnation is not indicated as there is an equilibrium. Also, a society's needs are not fully met in an economic sense as wants are unlimited. And not using resources effectively is the opposite of what long - run equilibrium implies.

Answer:

The society is using all of its resources efficiently.