{
  "id": "keynesian-ad-increase",
  "name": "Increase in AD in the Keynesian model",
  "unit": "macro",
  "unitName": "Unit 3 · Macroeconomics",
  "topic": "AD/AS model",
  "hl": false,
  "description": "The effect of higher AD depends on where the economy is: output rises with no inflation in the horizontal range, both rise in the upward range, and only the price level rises at Yfe.",
  "keywords": [
    "Keynesian",
    "increase in AD",
    "spare capacity",
    "inflation",
    "full employment",
    "Yfe"
  ],
  "schemaUrl": "https://graphs.lectere.com/api/v1/templates/keynesian-ad-increase",
  "previewUrl": "https://graphs.lectere.com/thumbs/keynesian-ad-increase.svg",
  "editorUrl": "https://graphs.lectere.com/graph/keynesian-ad-increase/",
  "params": [
    {
      "key": "range",
      "label": "Where AD increases",
      "default": "mid",
      "type": "enum",
      "options": [
        {
          "value": "flat",
          "label": "Horizontal range (spare capacity)"
        },
        {
          "value": "mid",
          "label": "Upward-sloping range"
        },
        {
          "value": "vert",
          "label": "Vertical range (full employment)"
        }
      ]
    },
    {
      "key": "shift",
      "label": "Shift size",
      "default": 1.4,
      "group": "Shape",
      "type": "number",
      "min": 0.6,
      "max": 2.5,
      "step": 0.1
    }
  ],
  "defaults": {
    "range": "mid",
    "shift": 1.4
  },
  "panels": [
    {
      "id": "main",
      "title": null,
      "xLabel": "Real GDP",
      "yLabel": "Average price level",
      "xRange": [
        0,
        10
      ],
      "yRange": [
        0,
        10
      ],
      "axisKeys": {
        "x": "main:x",
        "y": "main:y"
      }
    }
  ],
  "labels": [
    {
      "key": "main:y",
      "default": "Average price level",
      "hint": "Vertical axis",
      "panel": "main"
    },
    {
      "key": "main:x",
      "default": "Real GDP",
      "hint": "Horizontal axis",
      "panel": "main"
    },
    {
      "key": "main.as",
      "default": "AS",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.ad1",
      "default": "AD_1",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.ad2",
      "default": "AD_2",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.e1:y",
      "default": "PL_1",
      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.e1:x",
      "default": "Y_1",
      "hint": "Horizontal-axis value",
      "panel": "main"
    },
    {
      "key": "main.e2:y",
      "default": "PL_2",
      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.e2:x",
      "default": "Y_2",
      "hint": "Horizontal-axis value",
      "panel": "main"
    },
    {
      "key": "main.yfe",
      "default": "Y_{fe}",
      "hint": "Axis mark",
      "panel": "main"
    }
  ],
  "elements": [
    {
      "key": "main.as",
      "kind": "curve",
      "label": "AS"
    },
    {
      "key": "main.ad1",
      "kind": "curve",
      "label": "AD_1"
    },
    {
      "key": "main.ad2",
      "kind": "curve",
      "label": "AD_2"
    },
    {
      "key": "main.shift",
      "kind": "line"
    },
    {
      "key": "main.e1",
      "kind": "point"
    },
    {
      "key": "main.e2",
      "kind": "point"
    },
    {
      "key": "main.yfe",
      "kind": "tick",
      "label": "Y_{fe}"
    }
  ],
  "stats": null,
  "example": {
    "template": "keynesian-ad-increase",
    "params": {
      "range": "mid",
      "shift": 1.4
    }
  }
}