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Graph. Refer to the text description following the image. Graph with X-axis labeled Y and the Y-axis labeled P. Graph contains a single vertical line
Graph. Refer to the text description following the image. Graph with X-axis labeled Y and the Y-axis labeled P. Graph contains a single vertical line labeled LRAS. Where LRAS meets the X-axis, it is labeled YP. Graph also contains two parallel, upward sloping lines, labeled SRAS1 and SRAS2. SRAS 1 is above SRAS2. Graph also contains two parallel, downward sloping lines, labeled AD1 and AD2. AD1 is above AD2. There are four points, labeled A through D, where these lines intersect. Point A is where LRAS, SRAS2, and AD2 meet. Point B is where SRAS1 and AD2 meet. Point C is where LRAS, SRAS1 and AD1 meet. Point D is where SRAS2 and AD1 meet. Point A is lower along LRAS than Point C. Point B is to the left of the LRAS line, and Point D is to the right of the LRAS line. Refer to the figure above. Suppose the economy is at point C. If net exports decline in the economy, where will the eventual long-run equilibrium be? Group of answer choices A C B D
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