Edexcel A · Theme 2: The UK economy, performance and policies · 2.3 Aggregate supply
Edexcel A Economics past paper questions: Aggregate supply
Every Edexcel A question on Aggregate supply from 2016 to 2025: 1 data response question, 10 short answer questions and 1 multiple choice question. It covers Aggregate demand and Macroeconomic objectives and policy. Each question links to its paper, mark scheme and examiner report.
SubtopicsAggregate demand 6Macroeconomic objectives and policy 2
Data response questions on aggregate supply
Case study: The German economy
With reference to Extract A, examine two factors influencing the short‐run aggregate supply of the German economy.
Examiner insight
- What to cover
- Pick two short run cost factors from Extract A, such as energy prices and wage costs, or import prices and business taxes. Show how each changes German firms costs and shifts SRAS.
- Watch out
- Giving long run factors such as education or technology, which shift LRAS rather than SRAS.
Short answer questions on aggregate supply
Annotate the aggregate demand (AD) and short-run aggregate supply (SRAS) diagram below to show the likely impact of a reduction in indirect tax on the equilibrium level of real output and the price level.
Explain one likely impact of this interventionist supply-side policy on aggregate supply in the UK.
Using the classical long-run aggregate supply curve, explain what will happen in the long run to real output if aggregate demand increases.
Explain one likely impact of this project on aggregate supply in the UK.
Illustrate the shape of the Classical long-run aggregate supply (AS) curve on the diagram below.
Explain the reason for the shape of the Classical long-run AS curve.
Annotate the aggregate demand (AD) and short-run aggregate supply (SRAS) diagram below to show the possible impact of a rise in the base interest rate on the equilibrium level of real output and the price level.
Define the term ‘price level’.
Annotate the diagram above to show the likely impact of government policy to promote business competition on the equilibrium level of real output and price level.
Annotate the diagram above to show the likely impact of a rise in the cost of raw materials on the UK’s equilibrium level of real output and price level.
Multiple choice questions
- AS Paper 2, June 2016, Q5(b)
Which one of the following is most likely to cause a rightward shift in the aggregate supply curve?
Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.