LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions True or False The economy is currently in long run equilibrium O True O FalseGiven the economic conditions depicted by the graph, answer the foiiowing questions True or False The economy is currently in long run equilibrium O True O False The current level of real GDP is V the full employment level of GDP Now consider the following economic conditions LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions Given the economic conditions depicted by the graph, answer the foiiowing questions True or False The economy is currently in shortrun equilibrium 0 True 0 False The current level of real GDP is V the potential GDP Now consider the following economic conditions ( LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions Given the economic conditions depicted by the graph, answer the foiiowing questions True or False The economy is currently in shortrun equilibrium 0 True 0 False The current level of real GDP is V the full employment level of GDP

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LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions  True or False  The economy is currently in long run equilibrium  O True O FalseGiven the economic conditions depicted by the graph, answer the foiiowing questions  True or False  The economy is currently in long run equilibrium  O True O False The current level of real GDP is V the full employment level of GDP  Now consider the following economic conditions  LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions Given the economic conditions depicted by the graph, answer the foiiowing questions  True or False  The economy is currently in shortrun equilibrium  0 True 0 False The current level of real GDP is V the potential GDP  Now consider the following economic conditions  (  LRAS 140 130 SRAS 120 110 100 PRICE LEVEL 90 80 AD 70 60 60 65 70 75 80 85 90 95 100 OUTPUT Given the economic conditions depicted by the graph, answer the following questions Given the economic conditions depicted by the graph, answer the foiiowing questions  True or False  The economy is currently in shortrun equilibrium  0 True 0 False The current level of real GDP is V the full employment level of GDP

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