Supply-side shocks affect short run aggregate supply and can also affect a country's long-run productive potential. Examples of supply shocks might include:

• Steep rise in oil and gas prices or other commodities used in production
• Political turmoil / civil unrest / major strikes
• Supply shut-downs caused by a public health crisis
• Natural disasters causing a sharp fall in production
• Unexpected breakthroughs in production technology (example of favourable supply shock)