In class students were asked to look at some ambiguous photos and make up a story about each. they were most likely taking the:

What does it signify if point 1 shifts down and to the right? a. the price level and the real gdp are falling. b. the real gdp is falling, and supply is increasing. c. the price level is rising, and production is increasing. d. the price level is falling, and demand and the real gdp are rising.