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2.3 Aggregate supply (AS)

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Question 3

Illustrate the shape of the Classical (monetarist) long-run aggregate supply (LRAS) curve on the coordinate system provided below.

A blank coordinate system with 'Price level' on the vertical axis, 'Real output' on the horizontal axis, and the origin marked with '0'.

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2.3 Aggregate supply (AS) Questions

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