Economics A-Level
Short-run aggregate supply
What Short-run aggregate supply means in Economics A-Level, as defined for AQA.
Definition of Short-run aggregate supply
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Reference: AQA
A curve that shifts due to changes in economy-wide costs of production, such as money wage rates and raw material prices.
Topics that use Short-run aggregate supply
- 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 Short-run aggregate supply in the exam
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