Economics A-Level
Long-run economic growth
What Long-run economic growth means in Economics A-Level, as defined for AQA.
Definition of Long-run economic growth
Check what you remember
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Reference: AQA
An expansion of the economy's productive potential, shown by an outward shift of the entire PPC or a rightward shift of the LRAS curve.
Topics that use Long-run economic growth
- Economic growth and the economic cycle (AQA A-Level)
Related terms
- Aggregate demand
- Aggregate supply
- Asset price bubbles
- Economic fluctuations
- Externalities
- Inequality
- Inflationary pressures
- Macroeconomic indicators
Using Long-run economic growth in the exam
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