CAIE A-Level Economics 4.3.8 SRAS & LRAS shape

CAIE A-Level Economics 4.3.8 SRAS & LRAS shape
Cambridge International AS & A Level Economics 9708 syllabus for exams in 2026, 2027 and 20282026–2028

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

How this is tested

  • 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

Question 19

[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.