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

1. ECON2
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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?