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2.3 Aggregate supply (AS)

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Question 5

Between 2019 and 2023, the Australian federal government increased its capital investment in regional transport infrastructure, including freight rail links and deepwater port expansions, from AUD 8.5 billion to AUD 14.2 billion.

Explain one likely impact of this interventionist supply-side policy on long-run aggregate supply (LRAS) in Australia.

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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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