EQUILIBRIUM, AGGREGATE MARKET: 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. See also | aggregate market | equilibrium | disequilibrium, aggregate market | aggregate expenditures | price level | real production | aggregate demand | aggregate supply |
