Use the Figure Below to Answer the Following Question(s)

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 15-1
-In Figure 15-1, AD₁ and SRAS₁ indicate initial conditions in the goods and services market. In the short run, which of the following will most likely result from a shift to a more expansionary monetary policy under the rational expectations hypothesis?

A) price level P₁ and output Y₁
B) price level P₂ and output Y₂
C) price level P₃ and output Y₁
D) price level P₁ and output Y₂