What does a successful supply-side policy do to LRAS?
A
It shifts LRAS to the right by raising productive capacity.
B
It shifts SRAS to the left by raising production costs.
C
It shifts AD to the right by raising consumer spending.
D
It shifts LRAS to the left by reducing productive capacity.
5.4.4 AD/AS analysis of the impact of supply-side policy Flashcards
23 flashcards on CIE Intl A Level Economics 5.4.4 AD/AS analysis of the impact of supply-side policy: the key terms and definitions you need to recall.