Skip to content
MathsGenie logo
Quick links
Open app

Course home

  1. A Level
  2. Economics Edexcel A
  3. Question bank

2.3 Aggregate supply (AS)

EasyMediumHard
12345678
Question 7

According to classical macroeconomic theory, a sustained change in the general price level has no impact on an economy's real national output in the long run.

Explain the economic reasoning behind this assertion, with reference to the shape of the classical long-run aggregate supply (LRAS) curve.

Classical LRAS and Aggregate Demand

[2]

2.3 Aggregate supply (AS) Questions

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