In the Medium Run, If GDP Goes Down but the Price

In the medium run, if GDP goes down but the price level goes up,

A) the AD-curve must have shifted to the right
B) the AD-curve must have shifted to the left
C) the AS-curve must have shifted to the right
D) the AS-curve must have shifted to the left
E) the AD-curve and the AS-curve must have both shifted to the right

Correct Answer:

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