{
  "id": "sras-shift",
  "name": "Shift in short-run aggregate supply (SRAS)",
  "unit": "macro",
  "unitName": "Unit 3 · Macroeconomics",
  "topic": "AD/AS model",
  "hl": false,
  "description": "A change in costs of production (wages, raw materials, energy), business taxes or subsidies shifts SRAS, changing the price level and real output.",
  "keywords": [
    "SRAS",
    "short-run aggregate supply",
    "costs of production",
    "supply shock",
    "wages",
    "oil prices"
  ],
  "schemaUrl": "https://graphs.lectere.com/api/v1/templates/sras-shift",
  "previewUrl": "https://graphs.lectere.com/thumbs/sras-shift.svg",
  "editorUrl": "https://graphs.lectere.com/graph/sras-shift/",
  "params": [
    {
      "key": "dir",
      "label": "Change in SRAS",
      "default": "dec",
      "type": "enum",
      "options": [
        {
          "value": "inc",
          "label": "Increase (shift right)"
        },
        {
          "value": "dec",
          "label": "Decrease (shift left)"
        }
      ]
    },
    {
      "key": "pointLabels",
      "label": "Label points E₁ and E₂",
      "default": false,
      "type": "boolean"
    },
    {
      "key": "shift",
      "label": "Shift size",
      "default": 1.8,
      "group": "Shape",
      "type": "number",
      "min": 0.5,
      "max": 3,
      "step": 0.1
    }
  ],
  "defaults": {
    "dir": "dec",
    "pointLabels": false,
    "shift": 1.8
  },
  "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.ad",
      "default": "AD",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.sras1",
      "default": "SRAS_1",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.sras2",
      "default": "SRAS_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"
    }
  ],
  "elements": [
    {
      "key": "main.ad",
      "kind": "curve",
      "label": "AD"
    },
    {
      "key": "main.sras1",
      "kind": "curve",
      "label": "SRAS_1"
    },
    {
      "key": "main.sras2",
      "kind": "curve",
      "label": "SRAS_2"
    },
    {
      "key": "main.shift",
      "kind": "line"
    },
    {
      "key": "main.e1",
      "kind": "point"
    },
    {
      "key": "main.e2",
      "kind": "point"
    }
  ],
  "stats": null,
  "example": {
    "template": "sras-shift",
    "params": {
      "dir": "dec",
      "pointLabels": false,
      "shift": 1.8
    }
  }
}