What an AS Shift Means
What an AS Shift Means
A shift in aggregate supply is a movement of the whole AS curve to a new position at every price level. A rightward shift means firms can supply more output at each price level, while a leftward shift means firms supply less.
Step-by-step lessons on CIE Intl A Level Economics 4.3.9 causes of a shift in the AS curve in the short run (SRAS) and in the long run (LRAS). Each one builds up to exam-style questions.