LRAS and SRAS Flashcards by Ini Kazeem | Brainscape

Q

What is SPITE acronym

A

Subsidy

Productivity

Input prices

Tax

Expectation of Inflation

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Q

What is QQOFOP

A

Quality

Quantity

Organisation

Of your

Factors of Production

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Q

Which Curve does SPITE refer to?

A

The SRAS curve

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Q

Which curve does QQOFOP refer to?

A

The LRAS curve

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