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2.3.3 Long-run AS

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Question 6

Between 2019 and 2023, the Australian federal government increased its capital investment in regional transport infrastructure, including freight rail links and deepwater port expansions, from AUD 8.5 billion to AUD 14.2 billion.

Explain one likely impact of this interventionist supply-side policy on long-run aggregate supply (LRAS) in Australia.

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2.3.3 Long-run AS Questions

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