Rightward shift

Definition

A rightward shift in a graph or curve indicates an increase or expansion in a specific variable. In this context, a rightward shift in the SRAS curve means that firms are willing to supply more goods and services at each price level.

Related terms

Increase in productivity: Refers to an improvement or efficiency gain in producing goods or services using existing resources.

Technological advancements: New inventions or innovations that improve production methods or create new products.

Expansionary fiscal policy: Government measures to stimulate the economy, such as increasing government spending or reducing taxes.