Suppose That the Economy Is in a Position of Short-Run

Multiple Choice

Suppose that the economy is in a position of short-run equilibrium at a point where real GDP is below the full-employment level. Assuming no further change in aggregate demand and self-correction, the movement to a new long-run equilibrium includes a decrease in which of the following?

A) The unemployment rate.
B) The price level (CPI) .
C) The level of nominal wages and salaries.
D) All of the above.