Which of the figures above illustrates an economy in long-run equilibrium? A) Figure A B) Figure B C) Figure C

ENGR.ECONOMIC ANALYSIS
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Which of the figures above illustrates an economy in long-run equilibrium?

A) Figure A

B) Figure B

C) Figure C

60 50 0 30 0 10 0
40
20
P level
0 10
A
-LRA S
20 30 40
real GDP = Q
AS-
AD
50
60
50
40
30
20
10
0
P level
0
10
B
LRA S
20 30
real GDP = Q
40
AS-
AD
50
Which of the figures above illustrates an economy in long-run equilibrium?
Figure A
Figure B
O Figure C
887880
60
50
40
30
20
10
P level
0
10
LRAS
20 30
real GDP = Q
40
AD
50
Transcribed Image Text:60 50 0 30 0 10 0 40 20 P level 0 10 A -LRA S 20 30 40 real GDP = Q AS- AD 50 60 50 40 30 20 10 0 P level 0 10 B LRA S 20 30 real GDP = Q 40 AS- AD 50 Which of the figures above illustrates an economy in long-run equilibrium? Figure A Figure B O Figure C 887880 60 50 40 30 20 10 P level 0 10 LRAS 20 30 real GDP = Q 40 AD 50
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