Consider the Basic AD/AS Model with a Very Steep,positively Sloped

Multiple Choice

Consider the basic AD/AS model with a very steep,positively sloped AS curve.A negative aggregate demand shock will result in

A) an increase in the price level and a decrease in real national income.
B) an increase in both the price level and real national income.
C) a decrease in the price level with almost no change in real national income.
D) a decrease in the price level and an increase in real national income.
E) no change in either price level or output.