If the Economy Is Initially at Long-Run Equilibrium and Aggregate

Multiple Choice

If the economy is initially at long-run equilibrium and aggregate demand declines,then in the long run the price level

A) and output are higher than in the original long-run equilibrium.
B) and output are lower than in the original long-run equilibrium.
C) is lower and output is the same as the original long-run equilibrium.
D) is the same and output is lower than in the original long-run equilibrium.