Economics A-Level
Long-run aggregate supply curve
What Long-run aggregate supply curve means in Economics A-Level, as defined for AQA.
Definition of Long-run aggregate supply curve
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Reference: AQA
A curve whose position is affected by supply-side causes of unemployment, shifting to the left when structural unemployment worsens and reducing the economy's maximum productive potential.
Topics that use Long-run aggregate supply curve
- Employment and unemployment (AQA A-Level)
Related terms
- Causes of unemployment
- Claimant Count
- Cyclical unemployment
- Frictional unemployment
- Labour Force Survey
- Labour market rigidities
- Labour mobility
- Living standards
Using Long-run aggregate supply curve in the exam
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