Table :

TABLE 13.1 Some Factors That Shift the Long-Run Aggregate Supply Curve

Negative Shocks = LRAS Curve Moves Left

Positive Shocks = LRAS Curve Moves Right

Bad weather (important in agricultural economy)

Good weather (important in agricultural economy)

Higher price of oil or other important input

Lower price of oil or other important input

Productivity slump/technology slump

Productivity boom/technology boom

Higher taxes or regulation

Lower taxes or regulation

Disruption of production by war, earthquake, pandemic

Smooth production without disruption