Answer the following question ensuring that you apply economic principles or theory related to understanding the health of the economy and the need for government intervention to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and examples as necessary.
Question: Using an appropriate diagram, explain the concept of a stable economic equilibrium and provide your assessment of whether or not the US economy, the Australian economy and the Chinese economy are all currently at a stable equilibrium.
Sources used in your answer should be fully referenced in APA 6th style.