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Aggregate Supply and the Axes

Aggregate Supply and the Axes

Aggregate supply shows the total real output that firms across an economy plan to produce at different average price levels. The vertical axis is the average price level, while the horizontal axis is real output or real GDP.

4.3.8 shape of the AS curve in the short run and the long run Lesson

  1. Intl A Level
  2. /Economics
  3. /4.3.8 shape of the AS curve in the short run and the long run

Step-by-step lessons on CIE Intl A Level Economics 4.3.8 shape of the AS curve in the short run and the long run. Each one builds up to exam-style questions.

Lessons