AS Paper 2, June 2024The UK Economy – Performance and Policies
AS Paper 2, June 2024, Q4(b)
Annotate the aggregate demand (AD) and short-run aggregate supply (SRAS) diagram below to show the likely impact of a fall in business investment on the equilibrium level of real output and the price level.
Short answerAnnotate2 marks
Context
Business investment fell by 0.5% between Quarter 3 2019 and Quarter 4 2019.
Original diagram required. See the original question paper for the diagram.