Economics A-Level
Vertical LRAS curve shift
What Vertical LRAS curve shift means in Economics A-Level, as defined for AQA.
Definition of Vertical LRAS curve shift
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Reference: AQA
A movement of the curve that occurs only when there is a change in the quantity or quality of the economy's productive resources.
Topics that use Vertical LRAS curve shift
- Determinants of long-run aggregate supply (AQA A-Level)
Related terms
- Banking system
- Capital accumulation
- Classical long-run aggregate supply (LRAS) curve
- Demand management
- Economic growth
- Institutional structure
- Macroeconomic equilibrium
- Normal capacity level of output
Using Vertical LRAS curve shift in the exam
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