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AS, SRAS, and LRAS

AS, SRAS, and LRAS

Aggregate supply (AS) is the total quantity of goods and services that firms in an economy are willing and able to produce at different average price levels over a period of time. On an AD/AS diagram, the vertical axis is the price level and the horizontal axis is real GDP, which measures output adjusted for inflation.

The aggregate supply (AS) function Lesson

  1. A Level
  2. /Economics
  3. /The aggregate supply (AS) function

Step-by-step lessons on Eduqas A Level Economics The aggregate supply (AS) function. 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