A Long-Run Equilibrium Occurs When Long-Run Aggregate Supply And Aggregate Demand Meet. What Does Having Long-Run Equilibrium Indicate About A Society? The Society’s Supply And Demand Have Stagnated. The Society Is Using All Of Its Resources Efficiently. The Society’s Needs Are Being Fully Met. The Society Is Not Using All Of Its Resources Effectively.. In panel (b) of figure 22.5 “natural. The equilibrium is the point where supply and demand meet to determine the.

It does not mean the society’s needs are being fully met or that supply and demand have stagnated. The society's supply and demand have stagnated. It indicates that a society is using all its resources efficiently**.