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

Answer

Brief Explanations:

In long - run equilibrium, the long - run aggregate supply (LRAS) curve represents the full - employment level of output where the economy is using all of its resources efficiently. When long - run aggregate supply and aggregate demand meet at long - run equilibrium, it implies that the economy is operating at its potential output level, which means resources are being used efficiently.

Answer:

The society is using all of its resources efficiently.