Economics B A-Level
Long-run Aggregate Supply
What Long-run Aggregate Supply means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Long-run Aggregate Supply
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Reference: Pearson Edexcel
Determined by the economy's productive capacity, heavily influenced by changes in productivity.
Topics that use Long-run Aggregate Supply
- Circular flow of income, expenditure and output (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Economic agents
- Factors of production
- Injections
- Investment
- Macroeconomic equilibrium
- Productivity
- Withdrawals
Using Long-run Aggregate Supply in the exam
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