supply and demand equilibrium

And as for assuming a supply and demand equilibrium will be reached, again a myth, you have to model as an unstable dynamic system.

Instead of rejecting macro-measurements and macro-models of the economy, they embraced the techniques of treating the entire economy as having a supply and demand equilibrium.

The reduction of (a traditionally high) State expenditure allocated to job creation inside the public sector of the Portuguese economy since 2002-2003, in addition to the boom of the number of places offered to new students in those fields by an increasing number of private and public teaching institutions, disrupted supply and demand equilibrium.