SRAS example

Created by

sahara

Cards (6)

What is SRAS?
Short-run aggregate curve
how does SRAS curve?
slopes up from left to right
how does SRAS change with price level?
Increase in the price level, increase in amount of output firm willing to supply

produce more goods/services
SRAS Model
what happens when SRAS is price inelastic?
SRAS curves slope steeply upwards
What happens when SRAS is price elastic?
SRAS curve less steep

See similar decks

Theme 2: The UK economy – performance and policies
Edexcel A-Level Economics
1346 cards
2.5.1 Economic growth
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.5 Economic performance
138 cards
2.3.1 The characteristics of AS
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.3 Aggregate supply (AS)
171 cards
2.5 Economic performance
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies
329 cards
2.1.1 Economic growth
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.1 Measures of economic performance
110 cards
2.3.2 Shifts in AS
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.3 Aggregate supply (AS)
86 cards
2.3 Aggregate supply (AS)
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies
257 cards
2.1 Measures of economic performance
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies
251 cards
2.5.3 Inflation
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.5 Economic performance
38 cards
2.2.1 The characteristics of AD
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.2 Aggregate demand (AD)
32 cards
2.5.2 Unemployment
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.5 Economic performance
41 cards
2.3 Economic performance
AQA A-Level Economics > 2. The national and international economy
34 cards
2.1.2 Inflation
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.1 Measures of economic performance
28 cards
2.2 Aggregate demand (AD)
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies
230 cards
2.5.1 Economic Influences
Edexcel A-Level Business > Theme 2: Managing Business Activities > 2.5 External Influences
85 cards
2.1.4 Balance of payments
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.1 Measures of economic performance
55 cards
4.3.6 Determinants of short-run aggregate supply
AQA A-Level Economics > 4. The national and international economy > 4.3 Economic performance
53 cards
2.5.4 Trade and balance of payments
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.5 Economic performance
112 cards
OCR A-Level Politics
2799 cards
4.3 Economic performance
AQA A-Level Economics > 4. The national and international economy
324 cards
2.6.1 Monetary policy
Edexcel A-Level Economics > Theme 2: The UK economy – performance and policies > 2.6 Macroeconomic policy
40 cards

SRAS example

Cards (6)

Theme 2: The UK economy – performance and policies

2.5.1 Economic growth

2.3.1 The characteristics of AS

2.5 Economic performance

2.1.1 Economic growth

2.3.2 Shifts in AS

2.3 Aggregate supply (AS)

2.1 Measures of economic performance

2.5.3 Inflation

2.2.1 The characteristics of AD

2.5.2 Unemployment

2.3 Economic performance

2.1.2 Inflation

2.2 Aggregate demand (AD)

2.5.1 Economic Influences

2.1.4 Balance of payments

4.3.6 Determinants of short-run aggregate supply

2.5.4 Trade and balance of payments

OCR A-Level Politics

4.3 Economic performance

2.6.1 Monetary policy