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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 focuses on short-term changes, while LRAS focuses on long-term changes
SRAS affects the actual output at the time, while LRAS affects the potential output of an economy
SRAS represents potential output, while LRAS represents actual output
SRAS is determined by demand factors, while LRAS is determined by supply factors
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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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Cram Mode
AP Score Calculators
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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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