What Is LRAS?
Why LRAS Is Vertical
LRAS is vertical at potential GDP — in the long run, output depends only on resources and technology, not prices
What Determines LRAS Position?
Key Point
LRAS vs. SRAS
Changes that Shift ONLY SRAS (not LRAS)
Changes that Shift BOTH SRAS and LRAS
AP Exam Tips
Common Mistakes