Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is

In 1997, OPEC ministers agreed to a 10 percent increase in oil production. This decision should be expected then to shift the United States's a. AS curve to the right, which would raise the U.S. price level and lower real GDP in the U.S. b. AS curve to the right, which would lower the U.S. price level and raise real GDP in the U.S. c. AS curve to the left, which would lower the U.S. price

level and raise real GDP in the U.S. d. AD curve to the left, which would lower the U.S. price level and real GDP e. AD curve to the right, which would raise the U.S. price level and real GDP

Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward