Exhibit 14-2 Price Level LRAS Refer to Exhibit 14-2. The economy moves from point 1 to 2 to 3 to 4 to 5 to 6 to 7. What explains this? O a. an initial decrease in SR.AS, followed by alternating rises in AD and decreases in SRAS O b. an initial rise in the price level, followed by a decrease in SR.AS, and then alternating increases in AD and decreases in SRAS O c. continued decreases in SRAS O d. continued increases in AD O e. continued increases in SRAS