2.3.3 Long-run AS

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Question 18

Illustrate the shape of the Keynesian long-run aggregate supply (LRAS) curve on the coordinate system provided below. Your diagram should clearly show the shape of the curve across different levels of spare capacity and indicate the full-employment level of output ( $Y_f$ ).

A blank coordinate system with 'Price Level' on the vertical axis and 'Real GDP' on the horizontal axis.

[1]

2.3.3 Long-run AS

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Question 18

Illustrate the shape of the Keynesian long-run aggregate supply (LRAS) curve on the coordinate system provided below. Your diagram should clearly show the shape of the curve across different levels of spare capacity and indicate the full-employment level of output ( $Y_f$ ).

A blank coordinate system with 'Price Level' on the vertical axis and 'Real GDP' on the horizontal axis.

[1]

2.3.3 Long-run AS

Question 18

2.3.3 Long-run AS Questions

2.3.3 Long-run AS

Question 18

2.3.3 Long-run AS Questions