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CAIE A-Level Economics 4.3.8 SRAS & LRAS shape

Practise identifying SRAS and LRAS curve shapes, labelled axes and what each shape implies for real output and employment.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • identify a normal SRAS curve using a positive gradient, price level and real output axes
  • compare LRAS shapes and infer when employment stays unchanged after an AD fall

4.3.8—SRAS and LRAS shape question 1

[Maximum number: 1]

Which statement is not correct?

A

The long-run aggregate supply curve can be downward sloping.

B

The long-run aggregate supply curve can be horizontal.

C

The long-run aggregate supply curve can be upward sloping.

D

The long-run aggregate supply curve can be vertical.

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