Supply-Side Policy and LRAS
Supply-Side Policy and LRAS

The diagram shows a rightward shift of the LRAS curve. This increases the economy's potential output from Y1Y_1Y1 to Y2Y_2Y2.
Step-by-step lessons on CIE Intl A Level Economics 5.4.1 meaning of supply-side policy, in terms of its effect on LRAS curves. Each one builds up to exam-style questions.