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What LRAS represents

What LRAS represents

Long-run aggregate supply (LRAS) is the economy's potential output. It is determined by the quantity and quality of factors of production, such as labour, capital, land and enterprise.

2.3.3 Long-run AS Lesson

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

Step-by-step lessons on Edexcel A A Level Economics 2.3.3 Long-run AS. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons