Scenario #1: The US and Mexico are major trading partners in goods, services and resources. Starting from long-run equilibrium, graphically illustrate and explain what happens to the price level, RGDP and the unemployment rate in the US in response to rising income in Mexico. Question: Which one of the following best illustrates the effect of rising income in Mexico on AD and SRAS? O AD shifts right and SRAS remains constant O AD and SRAS both shift right O AD shifts left and SRAS remains constant O AD ands SRAS both shift left None of the responses are correct