What Is SRAS?
Why SRAS Slopes Upward
The Key Assumption
SRAS slopes upward because sticky input prices mean higher output prices → higher profits → more production
Determinants of SRAS (SRAS Shifters)
Supply Shocks
Negative supply shock: SRAS shifts left → stagflation (higher PL, lower GDP)
Movement Along vs. Shift of SRAS
The Shape of SRAS in Detail
AP Exam Tips
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Common Mistakes
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