What Does a Rise in the Economy's Overall Level of Prices

Multiple Choice

What does a rise in the economy's overall level of prices tend to do?

A) It tends to raise both the quantity demanded and supplied of goods and services.
B) It tends to raise the quantity demanded of goods and services but lower the quantity supplied.
C) It tends to lower the quantity demanded of goods and services but raise the quantity supplied.
D) It tends to lower both the quantity demanded and the quantity supplied of goods and services.