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Suppose an economy is currently operating at point 0 in the following graph. Thi...

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Suppose an economy is currently operating at point 0 in the following graph. This economy is experiencing a(n)

A graph plots ∏ verus Y. Line SRAS flows upward from X axis to Y axis. Line AD flows downward from X axis to Y axis. LRAS is a vertical line seen on Yp on Y axis from base to peak. On X axis are ∏1e, ∏0 and ∏0e. ∏1e and ∏0eflows downward to Yp on Y axis. ∏0 flows downward to Y0 on Y axis. LRAS intercepts AD on ∏1e at a point labeled 1. SRAS intercepts AD on ∏0 at a point labeled 0. On SRAS is a left facing arrow.

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