Assume That the AD Curve Is Held Constant and Short-Run

Multiple Choice

Assume that the AD curve is held constant and short-run aggregate supply decreases.The result is a(n) :

A) increase in both equilibrium real GDP and the price level.
B) decrease in equilibrium real GDP and an increase in the price level.
C) decrease in both equilibrium real GDP and the price level.
D) decrease in equilibrium real GDP, while the price level remains fixed.
E) increase in the price level, while equilibrium real GDP remains fixed.