Long-run aggregate supply
What Long-run aggregate supply means in Economics A-Level, as defined for AQA.
Definitions of Long-run aggregate supply
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Reference: AQA
A curve that shifts rightwards through supply-side policies, allowing non-inflationary economic growth.
A curve that shifts to the right as a result of both supply-side policies and supply-side improvements.
Topics that use Long-run aggregate supply
- Possible conflicts between macroeconomic policy objectives (AQA A-Level)
- Supply-side policies (AQA A-Level)
Related terms
- Macroeconomic objectives
- Natural rate of unemployment
- Supply-side policies
- Capital investment
- Cyclical unemployment
- Demand-side policies
- Economic growth
- Economic harmony
Using Long-run aggregate supply in the exam
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