Aggregate Supply Shock
In this example of a negative supply shock, aggregate supply decreases and shifts to the left. The resulting decrease in output and increase in inflation can cause the situation known as stagflation.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Economics supply shock."
http://en.wikipedia.org/wiki/File:Economics_supply_shock.png
Wikipedia
GNU FDL.
