Short-Run Aggregate Supply

Start with the curve

Begin with Short Run Aggregate Supply, a mind map that describes planned output when prices can change but production costs and productivity stay constant. It also shows an upward-sloping curve and refers to changes in aggregate demand and the price level. Use the map to identify the terms you want to understand before moving on.

Next, look at The Short-Run Aggregate Supply Curve, which discusses fixed costs in nominal terms and the upward slope of the curve. Compare how the maps describe the curve.

Explore shifts and factors

Shifts of the Short Run Aggregate Supply Curve introduces shifts to the left and right. Another mind map, Shifts of the Short-Run Aggregate Supply Curve, discusses commodity prices and production costs. Look at these after the curve maps, so you can compare a shift with the curve itself.

The flashcards in Factors of SRAS include input costs, the exchange rate and government intervention. Use them alongside the maps to practice recalling the factors you have encountered.

Use maps and flashcards together

There are no quizzes on this page, but the flashcard decks offer another way to practice. Study a map, then use a deck to check which terms and relationships you can recall. Return to the map when you want to look at an idea again.

The other flashcard deck includes questions about the short-run aggregate supply curve, its equation and its link to the Phillips curve.

Connect the resources

Aggregate Supply in SR & Phillips Curve includes an equation and a sticky-price model. It is an option to explore after the introductory curve maps. These resources sit within the Aggregate Demand and Supply unit in Economics, so you can use them to focus on this section of the unit. Choose a map and a deck to use together.