Assume the Economy Is Hit by a Shock That Decreases

Multiple Choice

Assume the economy is hit by a shock that decreases aggregate demand.When the economy has finally adjusted to full employment,

A) only the level of real GDP will be affected.
B) there will be no changes to either the price level or real GDP.
C) only the price level will be affected.
D) both real GDP and the price level will be affected.
E) aggregate supply will not have changed.