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? the societys supply and demand have stagnated. the society is using all of its resources efficiently. the societys needs are being fully met. the 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? the societys supply and demand have stagnated. the society is using all of its resources efficiently. the societys needs are being fully met. the society is not using all of its resources effectively.

Answer

Brief Explanations:

In long - run equilibrium in economics, 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 (society) is operating at its potential output level, which means all resources are being used efficiently.

Answer:

The society is using all of its resources efficiently.