Suppose an economy experiences a sustained increase in consumer confidence, leading to a significant expansion of aggregate demand. Explain, using the classical view of the long-run aggregate supply (LRAS) curve, the long-run impact of this expansion on the economy's real output.
23 exam-style questions on Edexcel A A Level Economics 2.3.3 Long-run AS. Each one has a worked solution and a mark scheme showing where the marks go.