Activity 01
Pairs Graphing: SRAS vs LRAS Curves
Pairs label axes on graph paper and draw upward-sloping SRAS and vertical LRAS curves. Provide scenario cards like 'wage increase' or 'new technology'; students shift curves accordingly and explain impacts. Pairs present one shift to the class for feedback.
Explain the difference between the short-run and long-run aggregate supply curves.
Facilitation TipDuring Pairs Graphing, provide colored pencils and large graph paper to make visual differences between SRAS and LRAS immediately clear.
What to look forPresent students with scenarios: 'A major technological breakthrough doubles productivity in the tech sector.' or 'A widespread labor strike increases wage costs across industries.' Ask students to identify which curve (SRAS or LRAS) is affected and in which direction (left or right), and to briefly justify their answer.