Economics A-Level
Short-run economic growth
What Short-run economic growth means in Economics A-Level, as defined for AQA.
Definition of Short-run economic growth
Check what you remember
Read the wording for your board, then hide it and explain Short-run economic growth in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
An increase in real GDP resulting from utilising spare capacity, shown on a PPC as a movement from a point inside the curve towards the boundary.
Topics that use Short-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
- Long-run economic growth
Using Short-run economic growth in the exam
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