An Increase in the Expected Price Level Shifts

Multiple Choice

An increase in the expected price level shifts

A) both the short-run and long-run aggregate supply curves to the left.
B) the short-run aggregate supply curve to the left but does not affect the long-run aggregate supply curve.
C) the long-run aggregate supply curve to the left but does not affect the short-run aggregate supply curve.
D) neither the long-run aggregate supply curve nor the short-run aggregate supply curve to the left.