If the Aggregate Supply Curve Shifts Leftward

Multiple Choice

If the aggregate supply curve shifts leftward,

A) the price level increases and output increases
B) the resulting increase in the price level is usually called cost-push inflation
C) the resulting increase in the price level is usually called demand-pull inflation
D) the price level increases only if there is also a rightward shift of the aggregate demand curve
E) the price level decreases and output increases