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What LRAS Represents

What LRAS Represents

Long-run aggregate supply, or LRAS, is the total real output an economy can produce when its factors of production are fully and efficiently employed. It represents the economy's productive capacity, also called potential 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 on AQA A Level Economics 2.2.6 Determinants of long-run aggregate supply. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons