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  3. ZuAI AP College Board Macroeconomics
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Long-Run Aggregate Supply (LRAS)

Isabella Lopez

Isabella Lopez

7 min read

Next Topic - Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model
Study Guide Overview

This study guide covers Long-Run Aggregate Supply (LRAS), including its definition as potential output at full employment, its vertical curve representation, its relationship to the Production Possibilities Curve (PPC), and factors that shift the LRAS curve (quantity/quality of resources and policy). It also includes practice questions and tips for the AP Macroeconomics exam.

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Previous Topic - Short-Run Aggregate Supply (SRAS)Next Topic - Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model

Question 1 of 10

Ready to ace this? 😎 The Long-Run Aggregate Supply (LRAS) curve represents the economy's:

Actual current output level

Potential output when all resources are fully employed

Level of output during a recession

Maximum output regardless of resource availability