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Determinants of LRAS

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Aquinas College Economics Department
Aquinas College Economics Department

AQA, Economics, AS Level, ECON2, National, Economy, Aquinas,

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ECON2 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Determinants of LRAS Answer all the questions below 1. Construct a LRAS Diagram 2. Show how the LRAS would shift both left and right 3. Explain what would cause a shift in the supply curve 4. What does the vertical point on the LRAS indicate? 5. What are the factors which would affect the LRAS?

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Determinants of LRAS