{
  "id": "supply-side-policy",
  "name": "Supply-side policies",
  "unit": "macro",
  "unitName": "Unit 3 · Macroeconomics",
  "topic": "Supply-side policies & growth",
  "hl": false,
  "description": "Market-based and interventionist supply-side policies raise productive capacity: LRAS shifts right, increasing potential output and putting downward pressure on the price level.",
  "keywords": [
    "supply-side policies",
    "market-based",
    "interventionist",
    "LRAS",
    "productivity",
    "deregulation",
    "education",
    "infrastructure",
    "labour market reform"
  ],
  "schemaUrl": "https://graphs.lectere.com/api/v1/templates/supply-side-policy",
  "previewUrl": "https://graphs.lectere.com/thumbs/supply-side-policy.svg",
  "editorUrl": "https://graphs.lectere.com/graph/supply-side-policy/",
  "params": [
    {
      "key": "model",
      "label": "Model",
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      "type": "enum",
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        {
          "value": "nc",
          "label": "New classical (LRAS)"
        },
        {
          "value": "keynesian",
          "label": "Keynesian AS"
        }
      ]
    },
    {
      "key": "shift",
      "label": "Increase in potential output",
      "default": 1.8,
      "group": "Shape",
      "type": "number",
      "min": 1,
      "max": 3,
      "step": 0.1
    }
  ],
  "defaults": {
    "model": "nc",
    "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.lras1",
      "default": "LRAS_1",
      "hint": "Curve",
      "panel": "main"
    },
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      "key": "main.lras2",
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    },
    {
      "key": "main.ad",
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      "hint": "Curve",
      "panel": "main"
    },
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      "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",
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      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.e2:x",
      "default": "Y_2",
      "hint": "Horizontal-axis value",
      "panel": "main"
    }
  ],
  "elements": [
    {
      "key": "main.lras1",
      "kind": "curve",
      "label": "LRAS_1"
    },
    {
      "key": "main.lras2",
      "kind": "curve",
      "label": "LRAS_2"
    },
    {
      "key": "main.shift",
      "kind": "line"
    },
    {
      "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.e1",
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    },
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      "key": "main.e2",
      "kind": "point"
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  ],
  "stats": null,
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    "template": "supply-side-policy",
    "params": {
      "model": "nc",
      "shift": 1.8
    }
  }
}