Price Long-run AS M level P Short-run AS P Short-run AS b C M: [P.) AD y y Output y Money Market I, Investment (A) (B) (C) Figure 15.3 Refer to Figure 15.3 If this economy is initially in a recession, the price level will start to change to bring the economy back to full employment, which is reflected by the movement from O A. p, to Po O B. a to b O C. d to c. O D. fto e