If aggregate demand shifts left,then in the short run
A)the price level and real GDP both rise.
B)the price level rises and real GDP falls.
C)the price level falls and real GDP rises.
D)the price and real GDP both fall.

Question

Quizplus · Accepted Answer

In the short run, a leftward shift in aggregate demand leads to a decrease in both the price level and real GDP, as there is less demand for goods and services in the economy.

If Aggregate Demand Shifts Left,then in the Short Run