A leftward shift of the AD curve accompanied by a rightward shift of the AS curve will
A) reduce the price level but have an uncertain effect on unemployment.
B) reduce unemployment but have an uncertain effect on the price level.
C) increase the price level but have an uncertain effect on unemployment.
D) increase unemployment but have an uncertain effect on the price level.
E) increase both the price level and unemployment.
Correct Answer:
Verified
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