Question 39 (1 point) If aggregate demand (AD) increases and short-run aggregate supply (SRAS) decreases, the price level: 1) will decrease, but the real output may either increase or decrease. 2) will increase, but the real output may either increase or decrease. Q 3) and real output will both increase. (4) and real output will both decrease.Question 40 (1 point) The long-run aggregate supply curve indicates that in the long run, a decrease in prices will lead to: O 1) an increase in output. O 2) a reduction in output. ( 3) no change in output. ( 4) an increase in output if the economy is in a recession, but a reduction in output if the economy is experiencing an economic expansion