What is SRAS?
What is SRAS?
Short-run aggregate supply (SRAS) is the output that firms plan to supply at each average price level while their costs of production are given. It describes production decisions across the whole economy, so output is measured by real GDP.
Step-by-step lessons on Edexcel A A Level Economics 2.3.2 Short-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.