Energy Price Shock and AD-AS Analysis | AQA A-Level Economics | 9-Marker

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Published2 months ago
Duration2:51
Video IDA9X645UYGLc
Languageen
CategoryEducation
PrivacyPublic
Made for KidsNo
Video TypeRegular Video

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Engagement Rate5.13%
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In this video we walk through an AD-AS analysis diagram to show the impact of a global spike in the price of oil and gas for an importer of energy. Exam question: With the help of an AD/AS diagram, explain the likely impact of a significant increase in global energy prices on the UK’s real national output and the price level.

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