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2.3 Aggregate supply (AS)

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Question 8

Which one of the following is most likely to cause a leftward shift in a nation's short-run aggregate supply curve?

A

An increase in the world price of imported raw materials

B

A reduction in the standard rate of value added tax (VAT)

C

A rise in national labor productivity

D

An increase in government spending on infrastructure projects

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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