Share This Article:

Economic Definition of aggregate market equilibrium. Defined.

Offline Version: PDF

Term aggregate market equilibrium Definition: The state of the aggregate market in which real aggregate expenditures are equal to real production, which means that the price level, aggregate expenditures, and/or real production do not change. In other words, the opposing forces of aggregate demand (the buyers) and aggregate supply (the sellers) are in balance.


« equilibrium | long-run aggregate market equilibrium »


Alphabetical Reference to Over 2,000 Economic Terms