AQA A Level · 7136 · Paper 2: The national and international economy
4.2.2.6 Determinants of LRAS: Part 1: Classical and Keynesian
Also AQA AS 7135: 3.2.2.6
Everything you need on the shape of LRAS, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What LRAS shows
- Measures and calculations
- The Classical view
- The Keynesian view
- The core disagreement
- A classic chain
- Classic question: will a rise in AD raise real output?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- A vertical LRAS, and an economy that fixes itself
- An L-shaped curve: it all depends on spare capacity
- The calculation trainer
- Who would say it?
- Does demand matter in the long run?
- Build the chain
- Exam practice
This is part of the Exam Toolkit
Join the Exam Toolkit to open every lesson page, worksheet, diagram and chain.