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4.3.7 determinants of AS
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What Determines Aggregate Supply?

What Determines Aggregate Supply?

SRAS shifts left when costs rise, while LRAS shifts right when productive capacity increases

Aggregate supply (AS) is the total real output firms are willing and able to produce at each average price level. The macroeconomic diagram uses average price level on the vertical axis and real output on the horizontal axis.

4.3.7 determinants of AS Lesson

  1. Intl A Level
  2. /Economics
  3. /4.3.7 determinants of AS

Step-by-step lessons on CIE Intl A Level Economics 4.3.7 determinants of AS. Each one builds up to exam-style questions.