Spec 7136
Revise AQA A Level Economics 2.2.6 Determinants of long-run aggregate supply with the question bank, lessons, revision guides, and flashcards.
The fundamental determinants of long-run AS such as technology, productivity, attitudes, enterprise, factor mobility, and economic incentives. • The position of the vertical long-run AS curve represents the normal capacity level of output of the economy. • The importance of the institutional structure of the economy in determining aggregate supply, such as the role of the banking system in providing business investment funds, should also be understood. • The Keynesian AS curve.
