top of page

Economics explained

Category:

The macroeconomy

Aggregate supply

Aggregate supply

The secret to scoring awesome grades in economics is to have corresponding awesome notes.
 
A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.
 
What makes TooLazyToStudy notes different?
 
Our notes:
  • are clear and concise and relevant
  • is set in an engaging template to facilitate memorisation
  • cover all the important topics in the O level, AS level and A level syllabus
  • are editable, feel free to make additions or to rephrase sentences in your own words!

    Looking for live explanations of these notes? Enrol now for FREE tuition!

The aggregate supply refers to the ability of the economy to produce goods and services.

Aggregate supply is positively related to the price level. This is because a price rise will make more profitable sales and encourage organisations to increase their output.

Economists sometimes distinguish between

short-run aggregate supply (SRAS) and

long-run aggregate supply (LRAS).

bottom of page