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2.3 Aggregate supply (AS)

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Question 4

Suppose an economy experiences a sustained increase in consumer confidence, leading to a significant expansion of aggregate demand. Explain, using the classical view of the long-run aggregate supply (LRAS) curve, the long-run impact of this expansion on the economy's real output.

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Markscheme

2.3 Aggregate supply (AS) Questions

  1. A Level
  2. /Economics
  3. /2.3 Aggregate supply (AS)

31 exam-style questions on Edexcel A A Level Economics 2.3 Aggregate supply (AS), covering 2.3.1 The characteristics of AS, 2.3.2 Short-run AS, and 2.3.3 Long-run AS. Each one has a worked solution and a mark scheme showing where the marks go.

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