As real GDP increases, how does the equilibrium point of aggregate demand (AD) and short-run aggregate supply (SRAS) move, with regard to long-run aggregate supply (LRAGS)?

Question 30 options:

a)

The LRAGS moves to the right, and the AD and SRAS move up.

b)

The LRAGS moves to the right, and the AD and SRAS move down.

c)

The LRAGS moves to the left, and the AD and SRAS move up.

d)

The LRAGS moves to the left, and the AD and SRAS move down.

e)

None of the above