The economy is currently operating at full employment. Assuming flexible wages and prices how would a decline in aggregate demand affect GDP and the price level in the short run and GDP and the price level in the long run? SHORT-RUN GDP     SHORT-RUN PRICE LEVEL     LONG-RUN GDP     LONG-RUN PRICE LEVEL
(A)Falls     Falls     No change     Falls (B)Falls     Falls     Falls     Falls (C)No change     Falls     No change     No change (D)Falls     Falls     No change     No change
A