Topics
Short-run Aggregate Supply (SRAS)
Short run aggregate supply (SRAS) is the relationship between planned national output (GDP) and the general price level. We assume that productivity and costs of production and the state of technology is constant in the short run when drawing SRAS.
A rise in the general price level should stimulate an expansion of aggregate supply as businesses respond to the profit motive. When prices are falling, production may contract. SRAS is upwards sloping i.e. a positive relationship between the price level and real GDP.
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2.3.2 Short Run Aggregate Supply (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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Explaining the Keynesian Aggregate Supply Curve
Topic Videos
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Key Diagrams - Trade and AD-AS Diagrams
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Economic Cycles - Supply-Side Shocks
Topic Videos
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Economic Growth (Revision Quizlet Activity)
Quizzes & Activities
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The Supply Crunch
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Aggregate Supply - Selection of Revision MCQs
Practice Exam Questions
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Economic Growth - 2021 Revision Update
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AD-AS Analysis: Currencies and Oil Prices
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Short Run Aggregate Supply - Revision Playlist
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Minimum Wage - A Level Economics Data Response Plan
Exam Support
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Infrastructure and Long Run Aggregate Supply
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Market-Based Supply Side Policies
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Key Aims of Supply-Side Policies
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Long Run Aggregate Supply - Key Factors
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Corporation Tax and Aggregate Demand & Supply
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Output Gap and Unemployment
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Indirect Taxes
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Shifts in Aggregate Demand and Aggregate Supply
Quizzes & Activities
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Edexcel Theme 2 Macro Knowledge Book - Aggregate Demand and Aggregate Supply
Quizzes & Activities
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Aggregate Supply
Study Notes
