A Leftward Shift in the Economy's AS Curve Implies That

Multiple Choice

A leftward shift in the economy's AS curve implies that

A) at any given price level,a lower level of output will be supplied.
B) at any given price level,a higher level of output will be supplied.
C) there is an increase in aggregate supply.
D) there is a demand shock.
E) the same output will be produced in equilibrium,but at a lower price level.