Economics A-Level
Classical long-run aggregate supply (LRAS) curve
What Classical long-run aggregate supply (LRAS) curve means in Economics A-Level, as defined for AQA.
Definition of Classical long-run aggregate supply (LRAS) curve
Check what you remember
Read the wording for your board, then hide it and explain Classical long-run aggregate supply (LRAS) curve in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A curve drawn perfectly vertical to illustrate that, in the long run, an economy's potential output is independent of the price level.
Topics that use Classical long-run aggregate supply (LRAS) curve
- Determinants of long-run aggregate supply (AQA A-Level)
Related terms
- Banking system
- Capital accumulation
- Demand management
- Economic growth
- Institutional structure
- Macroeconomic equilibrium
- Normal capacity level of output
- Productivity
Using Classical long-run aggregate supply (LRAS) curve in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge