AQA A-Level Economics 2025/6

Economics • A-Level

Question 1 of 114

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Which of the following statements best describes the Long-run Aggregate Supply (LRAS) curve?

Hint: Think about what long-run equilibrium means for a fully employed economy's output level.

It slopes upwards, indicating increasing prices with increased production. It shifts leftward in response to an increase in productivity. It represents the short-term relationship between price levels and real GDP. It is a vertical line at the level of potential output.

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