Adverse aggregate supply shock

Positive aggregate supply shock

LRAS¹

LRAS²

LRAS³

P₁

P₂

P₃

Price\ Level,\ P

Output,\ Y

Y₁

Y₂

Y₃

Aggregate Supply Shock in AS-AD Model

A = Point(yAxis)
B = Point(xAxis)
C = Point(yAxis)
a = Segment(A, B)
b = Segment(A, C)
f = If(2 < x < 7, 8 - x)
D = (4, 0)
E = (4, 6.5)
F = (2.5, 0)
G = (2.5, 6.5)
H = (6, 0)
I = (6, 6.5)
c = Segment(H, I)
d = Segment(D, E)
e = Segment(F, G)
J = (2.5, 5.5)
K = (4, 4)
L = (6, 2)
M = (0, 5.5)
N = (0, 4)
O = (0, 2)
g = Segment(J, M)
h = Segment(K, N)
i = Segment(L, O)
P = (2.5, 1.5)
Q = (4, 1.5)
R = (6, 1.5)
u = Vector(Q, P)
v = Vector(Q, R)
j = false
k = false