Economics A-Level
Long-Run Aggregate Supply (LRAS) curve
What Long-Run Aggregate Supply (LRAS) curve means in Economics A-Level, as defined for AQA.
Definition of Long-Run Aggregate Supply (LRAS) curve
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Reference: AQA
Independent, market-driven actions shift this outwards, showing the private sector is a primary engine for long-term economic growth.
Topics that use Long-Run Aggregate Supply (LRAS) curve
- Supply-side policies (AQA A-Level)
Related terms
- Capital investment
- Economic incentives
- Free market supply-side policies
- Human capital
- Incentives
- Innovation
- International competitiveness
- Interventionist policies
Using Long-Run Aggregate Supply (LRAS) curve in the exam
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