Modeling a shift in SRAS and AD over the past year, I think.

8 nov 2023

I used the U.S PCE YoY as the base, I then overlaid the M1 YoY and Real GDP YoY. I used the beginning of this years as a reference point as that is roughly when the fed began increasing interest rates.

• As the price level declines demonstrated by a decline in the money supply and PCE YoY declining
  
• Real GDP YoY is seen increasing
  

To my understanding this visualizes how SRAS and AD have shifted to the left over the past year