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In other words, the mean acts as an equilibrium level for the process.
However, in the long run it will drop to the equilibrium level.
Consequently, per capita income will fall to previous low equilibrium level.
As a consequence the equilibrium level of aggregate demand will fall.
If any of these should change, there will be an effect on the equilibrium level of income.
The equilibrium levels of income and employment were believed to be determined largely in the labour market.
This 1980's experience brought many economists to the conclusion that 6 percent was the natural rate of unemployment, or equilibrium level.
Moreover, the dollar is headed toward an equilibrium level.
Each of these operates to increase or reduce the equilibrium level of income in the economy.
This is called the equilibrium level of income.
This is caused by a business cycle recession, and wages not falling to meet the equilibrium level.
Every period will have its unique equilibrium level.
The price control laws then resulted in prices that were significantly below their free-market equilibrium levels.
Firms will supply the equilibrium level of output whatever the price level may be.
At this low stable equilibrium level, both the rate of investment and saving are low.
There are natural mechanisms for reassimilating them, and their concentrations have thus reached low equilibrium levels.
For several minutes she tried unsuccessfully to regain an equilibrium level in her breathing and pulse rate.
The new equilibrium level of wages and membership are given by and in Fig. 3.
The socially efficient quantity of labour input would then be much larger than the equilibrium level under current tax rates.
This time the equilibrium level of income is above the full employment level and so cannot actually be attained.
The natural rate hypothesis makes the fundamental assumption that there exists a unique equilibrium level of unemployment.
There is no reason within the model why the equilibrium level of employment should correspond to full employment.
That is, for the equilibrium level of income to be achieved, we require that:
This means that unstable air is now stable when it reaches the equilibrium level and convection stops.
"Some amount of this effect is unavoidable, while the star's finding its new equilibrium level and 'syncing up' with the other star.