Question 1
What does Long-Run Aggregate Supply $($LRAS$)$ show in macroeconomics?
Question 2
In the long run, what is the usual shape of the $LRAS$ curve in the standard macroeconomic model?
Question 3
Which factor would most likely shift $LRAS$ to the right?
Question 4
Which of the following is most likely to increase a country's potential output?
Question 5
What is the relationship between full employment and $LRAS$ in the standard IB model?
