3-1: The Composition of GDP 3-2: The Demand for Goods 3-3: The Determination of Equilibrium Output 3-4: Investment Equals Saving:An Alternative Way of Thinking About Goods-Market Equilibrium 3-5:ls the Government Omnipotent?A warning
Equilibrium price. Equilibrium allocation: x=xi(p,p·w2), Note: A p* for any >0 is also an equilibrium price. Offer curve: (p)(p, p. w;). The equilibrium is the intersection point of the offer curves. Excess demand function: