LRAS SRAS, SRAS, PRICE LEVEL W X AD Y Y 2 QUANTITY OF OUTPUT Refer to Figure 33-3. Starting from point W and assuming that aggregate demand is held constant, in the long run the economy is likely to experience a a. rising price level and a rising level of output, as the economy moves to point Y. b. falling price level and a rising level of output, as the economy moves to point X. ooOO c. falling price level and a falling level of output, as the economy moves to point Y. d. rising price level and a falling level of output, as the economy moves to point X