Macroeconomic equilibrium is best described as a situation in which:

A) the slope of the aggregate demand curve equals the slope of the aggregate supply curve.
B) quantity demanded exceeds quantity supplied.
C) quantity demanded equals quantity supplied at a unique price level.
D) quantity supplied exceeds quantity demanded at a unique price level.
E) quantity supplied equals quantity demanded at a unique price level.

Macroeconomic Equilibrium

Occurs when aggregate demand equals aggregate supply in an economy, resulting in stable prices, full employment, and balanced economic growth.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a given price over a certain period of time.