Supply Shock and Equilibrium
A supply shock shifts the aggregate supply curve. In this case, a negative supply shock raises prices and lowers output in equilibrium.
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.
