Consider the figure to the right showing the long-run aggregate supply (LRAS) and the aggregate demand (AD) curves Suppo

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Consider The Figure To The Right Showing The Long Run Aggregate Supply Lras And The Aggregate Demand Ad Curves Suppo 1 (17.46 KiB) Viewed 12 times

Consider the figure to the right showing the long-run aggregate supply (LRAS) and the aggregate demand (AD) curves Suppose that the long-run aggregate supply curve moves to a GDP level of $15 billion. Which of the following is true? OA The equilibrium price level will increase, and equilibrium GDP will increase B. The equilibrium price level will decrease, and equilibrium GDP will increase OC. The equilibrium price level will decrease, and equilibrium GDP will decrease OD. The equilibrium price level will increase, and equilibrium GDP will decrease. Price level LRAS AD 5 10 15 20 25 30 35 40 45 50 Real GDP per Year (5)