In the Aggregate Demand-Aggregate Supply Model in the Short Run,a

Multiple Choice

In the aggregate demand-aggregate supply model in the short run,a decrease in the money supply is likely to cause a(n) :

A) increase in both the price level and real GDP.
B) decrease in both the price level and real GDP.
C) increase in real GDP and a decrease in the price level.
D) decrease in real GDP and an increase in the price level.
E) increase in the price level only.