Unit 3.2 · Variations in Economic Activity: Aggregate Demand and Aggregate Supply
Short-Run Aggregate Supply (SRAS)
AO2AO4Diagram required
Syllabus Requirement
SRAS refers to the total output that all firms within an economy are willing and able to produce at different price levels in the short run.
Assessment Objectives
AO2Application and Analysis
AO4Use of Appropriate Skills
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