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Productive Capacity and LRAS

Productive Capacity and LRAS

Long-run aggregate supply, LRAS, represents the economy's potential output when its resources are fully employed. A successful supply-side policy increases this productive capacity, shifting LRAS to the right.

5.4.4 AD/AS analysis of the impact of supply-side policy Lesson

  1. Intl A Level
  2. /Economics
  3. /5.4.4 AD/AS analysis of the impact of supply-side policy

Step-by-step lessons on CIE Intl A Level Economics 5.4.4 AD/AS analysis of the impact of supply-side policy. Each one builds up to exam-style questions.

Lessons