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Aggregate supply

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Question 2

Which of the following is the most likely macroeconomic consequence of an outward shift in an economy's long-run aggregate supply (LRAS) curve?

A

A rise in the rate of inflation

B

A reduction in the full-employment level of output

C

Downward pressure on the general price level

D

An increase in the rate of cyclical unemployment

Markscheme

Aggregate supply Questions

  1. A Level
  2. /Economics
  3. /Aggregate supply

7 exam-style questions on OCR A Level Economics Aggregate supply. Each one has a worked solution and a mark scheme showing where the marks go.

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