According to Neoclassical Economists,what Would Happen If Total Spending Was

Multiple Choice

According to neoclassical economists,what would happen if total spending was less than total output?

A) Product prices would rise,but wage rates would fall.
B) Product prices would fall,but wage rates would rise.
C) Nominal GDP would rise,but real GDP would remain constant.
D) Both product prices and wage rates would fall.
E) Both product prices and wage rates would rise.