Aggregate supply diagram
Short-run aggregate supply, and the Keynesian and neo-classical long-run aggregate supply curves, with shifts in each.
Included in the school licence.
Teaching notes
Aggregate supply has three curves to keep apart: short-run aggregate supply, and the Keynesian and neo-classical long-run curves. The starting point shows SRAS on its own.
The scenarios show a movement along SRAS and shifts in SRAS, then the Keynesian LRAS, with its flat, rising and vertical sections, and the neo-classical vertical LRAS, each with an increase in long-run supply.
In a lesson, try asking the class what would shift SRAS and what would shift LRAS, and why the two lists are different, before you step through the scenarios. It sets up the AD/AS diagram, where AS meets AD.
What you can show
Each of these is one click in the diagram's Scenarios menu, and each starts from the plain diagram.
- Movement along SRAS
- Increase in SRAS
- Decrease in SRAS
- Keynesian LRAS
- Increase in Keynesian LRAS
- Classical LRAS
- Increase in classical LRAS
Exam boards
On the Edexcel A, Edexcel B, AQA, OCR, Eduqas, WJEC, Cambridge International and Edexcel International A-level specifications, drawn in exam style: black lines, clear labels and no grid.