if-the-short-run-aggregate-supply-curve-shifts-left-due-to-a-supply-shock-what-h

Question

If the short run aggregate supply curve shifts left due to a supply shock, what happens to GDP and price levels?

Accepted Answer

GDP decreases and price levels increase.

Answer

GDP increases and price levels decrease.

Answer

Both GDP and price levels increase.

Answer

Both GDP and price levels decrease.