Long-run AS

Q1 Identify the correct description of a classical LRAS curve once an economy reaches full employment output.

Q14 Evaluate the gains a country gets from faster productivity, given Turkey's 39.2% rise over a decade.

Q3 Identify the correct statement about a classical LRAS curve and the full employment level of output.

Q12(a) Give the meaning of 'net migration' as used in Extract A.

Q12(b) Analyse two ways net migration could affect the UK economy, using Figure 2 and Extract A.

Q8 With New Zealand recording 153 900 immigrants against 74 200 emigrants to June 2020, use an AD/LRAS diagram to show net migration's effect on prices and output.

Q11 Explain the concept of net migration, given Australia recorded 509 600 arrivals against 315 200 departures in the year ending June 2020.

Q5 Select the correct statement on the Keynesian LRAS curve, with options about its elasticity at full employment versus when spare capacity is large.

Q8 Productivity in Brazil dropped more than 40% from early 2012 to mid-2019: use an AD and LRAS diagram to show effects on prices and output.

Q7 Lithuania's net migration slid from +1.4% of population in 2003 to -6.1% by 2017; explain one consequence for long-run aggregate supply.