2.4.3 Real National Output 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 20-01-19 18:07 ... is the output of the economy once inflation has been accounted for Real National Output 1 of 5 ... levels of real national output occur when planned aggregate demand equals planned aggregate supply and the two curves intersect Equilibrium 2 of 5 If Aggregate demand ... then aggregate supply must increase to meet the demand for goods Increased 3 of 5 If Aggregate demand falls then aggregate supply must ... to avoid an excess of the good Decrease 4 of 5 If aggregate supply ..., firms are able to supply the good at a cheaper price Increases 5 of 5
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