Suppose the BLS Announces That Price Levels Throughout the Economy

Multiple Choice

Suppose the BLS announces that price levels throughout the economy have increased. What response would we expect to see in the AD/AS model?

A) The long-run aggregate supply curve would shift to the left.
B) The aggregate demand curve would shift to the left.
C) The short-run aggregate supply curve would shift to the left.
D) None of these are true.