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2.2.6 Determinants of long-run aggregate supply
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What LRAS represents

What LRAS represents

Long-run aggregate supply (LRAS) is the total output an economy can produce when its factors of production are fully and efficiently employed. It represents productive capacity, also called potential or full-employment output.

2.2.6 Determinants of long-run aggregate supply Lesson

  1. A Level
  2. /Economics
  3. /2.2.6 Determinants of long-run aggregate supply

Step-by-step lessons covering AQA A Level Economics 2.2.6 Determinants of long-run aggregate supply for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.