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)
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Changes that Shift BOTH SRAS and LRAS
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AP Exam Tips
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Common Mistakes
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