A Crisis in the Middle East Drastically Raises the Price

Multiple Choice

A crisis in the Middle East drastically raises the price of petroleum. If the aggregate demand curve does not shift, then aggregate supply will _{--------------------}, real GDP will_{--------------------} , and the price level will_{--------------------}
.

A) increase; increase; increase
B) increase; remain the same; increase
C) remain the same; increase; increase
D) decrease; decrease; increase
E) decrease; remain the same; decrease