LRAS 1.20 SRAS 1.18 1.16 A Price level (base year = 1.00) 1.14 B 1.12 C 1.10 AD, AD, AD2 $11,600 11,800 12,000 12,200 12,400 12,600 Real GDP (billions of base-year dollars) per yearLRAS 1.20 SRAS 1.18 1.16 A 1.14 CO Price level (base year = 1.00) 1.12 C 1.10 AD, AD AD 2 $11,600 11,800 12,000 12,200 12,400 12,600 Real GDP (billions of base-year dollars) per year