Aggregate Supply Calculator

Potential GDP ($ trillions):

Labor Force (millions):

Capital Stock Index:

Current Price Level:

Expected Price Level:

Base Price Level (100):

Nominal Wage Index:

Productivity Index:

Oil Price Index:

Short-Run Aggregate Supply: $0.0 trillion

Long-Run Aggregate Supply: $0.0 trillion

Output Gap: 0%

Real Wage Index: 100

Unit Labor Costs: 100

Economic Condition: Full Employment

Short-Run Aggregate Supply (SRAS): Shows the relationship between price level and real GDP in the short run, when some prices are sticky.

Long-Run Aggregate Supply (LRAS): Vertical line at potential GDP, representing full employment output.

Output Gap: The difference between actual and potential GDP, indicating economic slack or overheating.

Supply Shocks: Events like oil price changes that shift the aggregate supply curve.

Sticky Wages: In the short run, wages don't adjust immediately to price changes, creating the upward-sloping SRAS.