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EnglandEconomicsQuick questions
Component 2: Macroeconomics - Aggregate demand and supply
Quick questions on Aggregate supply and macroeconomic equilibrium - OCR A-Level Economics (H460)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Explain why the SRAS curve shifts left after a rise in oil prices. [3 marks]
What is q2?Show answer
Explain the difference between the classical and Keynesian views of LRAS. [4 marks]
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