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2.3 Aggregate supply (AS)

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Question 19

Illustrate the shape of the Classical (monetarist/neo-classical) long-run aggregate supply (LRAS) curve on the template diagram below. Label the curve as LRAS\text{LRAS}LRAS and clearly mark the full-employment level of output as Yf Y_f\,Yf​ on the horizontal axis.

Blank macroeconomic diagram template with axes for Price Level and Real Output

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2.3 Aggregate supply (AS) Questions

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