Skip to content

Course home

2.3.3 Long-run AS

What determines the position of long-run aggregate supply (LRAS)?

A

The price level and quantity of money determine the economy's potential output.

B

The quantity and quality of factors of production determine the economy's potential output.

C

Consumer confidence and household saving determine the economy's potential output.

D

The exchange rate and balance of payments determine the economy's potential output.

2.3.3 Long-run AS Flashcards

  1. A Level
  2. /Economics
  3. /2.3.3 Long-run AS

Flashcards for Edexcel A A Level Economics 2.3.3 Long-run AS, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 24 cards, matched to the Edexcel A A Level Economics (9EC0) specification.