Aggregate Supply (AS): Long Run
Students model the total production in an economy in the long run and analyze its determinants.
Key Questions
- Explain the factors that determine the long-run aggregate supply (LRAS).
- Analyze how changes in technology and resource availability affect the LRAS curve.
- Differentiate between the short-run and long-run aggregate supply curves.
National Curriculum Attainment Targets
Suggested Methodologies
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