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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.4
What is the main difference between a change in SRAS and a change in LRAS?
SRAS affects the actual output at the time, while LRAS affects the potential output of an economy
SRAS focuses on short-term changes, while LRAS focuses on long-term changes
SRAS is determined by demand factors, while LRAS is determined by supply factors
SRAS represents potential output, while LRAS represents actual output
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AP Macroeconomics - 3.4 Long-Run Aggregate Supply (LRAS)
Key terms
Change in SRAS
Change in LRAS
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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