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Explain the concept of aggregate supply in both the short run and long run. Explain what factors other than the price level could lead to a shift in aggregate supply in both time periods.

word count: 500

Your coursework project this term consists of 2 written tasks.
1. Explain the concept of Aggregate Supply in both the short run and long run. Explain what factors other than the price level could lead to a shift in Aggregate Supply in both time periods. [10 Marks]
3. Describe the current performance of your own country’s economy. With reference to both demand side (fiscal and monetary policy) and supply side policies, describe and evaluate your government’s current economic policy. [20 Mark]


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