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What LRAS shows

What LRAS shows

Long run aggregate supply, or LRAS, shows the level of real GDP an economy can sustain when resources are fully and efficiently used. On an AD-AS diagram, the vertical axis is the price level and the horizontal axis is real GDP.

Long run aggregate supply (LRAS) Lesson

  1. A Level
  2. /Economics
  3. /Long run aggregate supply (LRAS)

Step-by-step lessons on Eduqas A Level Economics Long run aggregate supply (LRAS). 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.

Lessons