Long Run Aggregate Supply Flashcards
1
Q
What things can cause a shift in the LRAS?
A
Change in quantity of the factors of production/resources
Change in the quality or productivity of the factors of production/resources
Economics - Macro > Long Run Aggregate Supply > Flashcards
What things can cause a shift in the LRAS?
Change in quantity of the factors of production/resources
Change in the quality or productivity of the factors of production/resources