A Negative Demand Shock,holding Everything Else Constant

Multiple Choice

A negative demand shock,holding everything else constant:

A) shifts AD to the left and results in lower aggregate price levels and lower real GDP in the short run.
B) shifts AS to the left and results in lower aggregate price levels and lower real GDP in the short run.
C) moves the economy downward along the AD curve.
D) moves the economy upward along the AD curve.