Economics A-Level
Macroeconomic shocks
What Macroeconomic shocks means in Economics A-Level, as defined for AQA.
Definition of Macroeconomic shocks
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Reference: AQA
Factors affecting costs of production across the whole economy, rather than just a single market, shifting the SRAS curve.
Topics that use Macroeconomic shocks
- Aggregate demand and aggregate supply analysis (AQA A-Level)
Related terms
- Aggregate demand
- Aggregate demand components
- Aggregate supply
- Costs of production
- Demand-deficient (cyclical) unemployment
- Economic shocks
- Factors of production
- Macroeconomic equilibrium
Using Macroeconomic shocks in the exam
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