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Price LRAS Level SRAS, SRAS, P3 P2 P1 AD 2 AD, Y1 Y2 Quantity of Output Starting from P2 & Y3 which joins SRAS1 &

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Price LRAS Level SRAS, SRAS, P3 P2 P1 AD 2 AD, Y1 Y2 Quantity of Output Starting from P2 & Y3 which joins SRAS1 & AD2, what path for the economy would be consistent with the econmomy experiencing stagflation? movement to P3 & Y2, through a shift in SRAS to SRAS2 movement to P1 &Y2, through a shift in AD to AD 1 a rightward shift in the LRAS bearishness on the part of investors

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