Determinants of LRAS
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ECON2 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? WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC
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Transcript of Determinants of LRAS
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ECON2
Determinants of LRASAnswer all the questions below
1. Construct a LRAS Diagram2. Show how the LRAS would shift both left and right3. Explain what would cause a shift in the supply curve4. What does the vertical point on the LRAS indicate?5. What are the factors which would affect the LRAS?
WWW.AQUINASECONOMICSAS.CO.UK@AQUINASECONOMIC