What Happens When the Aggregate Demand Curve Shifts Upward?

When there are supply side disruptions, the entire aggregate supply curve shifts upward and toward the left. Its upward sloping producers will produce more at higher prices. But keep in mind that the output gap, the difference between potential and g d p, increases. And now, why is this not like the 19 seventies when the fed was increasing the money supply and we were getting substantially higher inflation?