l. Short-run and long-run equilibria Figure 1 Y1 T2 .1\" 1.1) Refer to gure 1. The shift of the short-run aggregate-supply curve from AS; to A81 A) could be caused by a decrease in the expected price level. B) could be caused by an agreement of OPEP members to cut down the production of oil. C) causes the economy to experience a decrease in the unemployment rate. D) causes the economy to experience a positive deviation from potential output. 1.2) Refer to gure 1. Point A represents A) a short-run equilibrium and a long-run equilibrium. B) a short-run equilibrium but not a long-run equilibrium. C) a long-run equilibrium but not a short-run equilibrium. D) neither a short-run equilibrium nor a long-run equilibrium. 1.3) Refer to gure 1. Starting from point A and assuming that aggregate demand is held constant, the economy is likely to experience, in the absence of shocks A) a falling price level and a falling level of output. B) a falling price level and a rising level of output. C) an increased in the expected price level. D) neither a change in the price level nor in the level of output