A Question Completion Status. 9 120 13 14 150 16 176 180 19 20 21 22 23 124 125 QUESTION 9 1 points Save Answer Exhibit: Economic Adjustments LRAS SRAS2 SRAS Price level AD, and SRAS, = initial curves AD2 AD1 G F H Real GDP per year Suppose the economy is at point a. Assume that (1) the public's expectations are completely rational, (2) markets allocate resources instantaneously, and (3) the economy is at its natural level of employment. The theoretical adjustment path resulting from an increase in aggregate demand according to the rational expectations hypothesis is O a to c to d. a to b to d O a to d O a to b and back to a. 1 points Saved