According to the Monetarists, After an Initial Increase in Aggregate

Multiple Choice

According to the monetarists, after an initial increase in aggregate demand,

A) short-run aggregate supply curve will tend to shift leftward, reflecting the effect of higher wages adjusting in the long run.
B) short-run aggregate supply curve will tend to shift leftward, reflecting the effect of lower wages adjusting in the long run.
C) aggregate demand curve will tend to shift rightward, reflecting the effect of income adjusting in the long run.
D) aggregate demand curve will tend to shift lower, reflecting the effect of price level adjusting in the long run.