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2.3.2 Short-run AS

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Question 3

Diagram 1 shows the initial macroeconomic equilibrium of an economy, with aggregate demand AD1 AD_1\,AD1​ and short-run aggregate supply SRAS1SRAS_1SRAS1​.

Diagram 1

Illustrate the short-run impact of a severe spike in the global price of imported energy on Diagram 1.

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2.3.2 Short-run AS Questions

  1. A Level
  2. /Economics
  3. /2.3.2 Short-run AS