AS/AD Model
Supply Shock
Inputs
AS (long)
AS: P (e)
Input t2: Supply shock
AS2: ∆ Y (with P const.)
Input t3/t4a: Adjustment P(e)
AS2: P(e)
t4b: Econ. Policy
AD2: ∆ Y (with P const.)
AS: Slope (inverse)
AD: Ordinate intercept
AD: Slope (absolute)
Outputs: P
t1: P (AS short)
t2: P (const.)
t3: P (with ∆ P & and ∆ P(e))
t4a: P (with AD const.)
t4b: P (with AS2 const.)
Outputs: Y
t1: Y
t2: Y
t3: Y
t4a: Y (with AD const.)
t4b: Y (with AS2 const.)