If Eastlandâs consumer confidence rises, what would happen to macroeconomic equilibrium in the short run if the short-run aggregate supply is upward sloping?

a) AD shifts right, aggregate output increases and prices fall
b) AD shifts right, aggregate output increases and prices rise
c) AD shifts left, aggregate output decreases and prices fall
d) AD shifts left, aggregate output decreases and prices rise

Question

If Eastlandâs consumer confidence rises, what would happen to macroeconomic equilibrium in the short run if the short-run aggregate supply is upward sloping? a) AD shifts right, aggregate output increases and prices fall b) AD shifts right, aggregate output increases and prices rise c) AD shifts left, aggregate output decreases and prices fall d) AD shifts left, aggregate output decreases and prices rise

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