During 2018, a Country Reports That Its Price Level Fell

Multiple Choice

During 2018, a country reports that its price level fell and the money wage rate did not change. These changes led to

A) no change in the real wage rate and an increase in aggregate demand.
B) a lower real wage rate, lower profits, and a decrease in the quantity of real GDP supplied.
C) a higher real wage rate, higher profits, and an increase in the quantity of real GDP supplied.
D) a higher real wage rate, lower profits, and a decrease in the quantity of real GDP supplied.
E) a lower real wage rate, higher profits, and an increase in the quantity of real GDP supplied.