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Edexcel A-Level Economics AS 2.3.3 3b Factors Influencing Lras Changes in the State of Technology Productivity Questions

Practise drawing LRAS shifts from productivity and net-migration changes, then reading the resulting real-output and average-price-level effects.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • draw a leftward LRAS shift after a productivity fall, with lower output and a higher price level
  • model net migration with a rightward LRAS shift, adding an AD shift only when demand also rises

Edexcel A-Level Economics AS 2.3.3 3b Factors Influencing Lras Changes in the State of Technology Productivity Questions question 1

[Maximum number: 4]

Between 2022 and 2023, Australia's productivity fell by 3.7%. Draw an LRAS and AD diagram to show the impact of this change in productivity on the average price level and real output.

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