Below full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is lower than that same economy's long-run ...

As oil markets worked their way back to long-run equilibrium by bringing on vast new oil supplies, and while OPEC grotesquely overplayed its hand as a cartel, it unleashed a flood of at least 8.0 ...

These phenomena will continue until long-run equilibrium is reached. It is important to note this distinction between types of profits when considering the presence of profits in perfect markets.

3. If each firm is initially earning positive profits in a perfectly competitive industry, then there will be entry of new firms, price will fall, and the output of each firm will fall in the long-run ...

At that time, they seemed very confident that rates should return to “normal” over 3 years and also that they knew, with reasonable certainty, what that long run equilibrium rate would be.

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate Drawing on the existing literature, I estimate a long-run equilibrium real ...

In the long run we are all dead ... in demand over time and find their way back to a full employment "equilibrium." Keynes said that belief was clearly wrong. He said in some cases, typified ...