Which of these is a likely impact of a decrease in the price level in an economy on the aggregate supply in the economy?

A) An increase in the quantity of real GDP supplied
B) A decrease in the quantity of real GDP supplied
C) A leftward shift of the aggregate supply curve
D) A rightward shift of the aggregate supply curve
E) An increase in the slope of the aggregate supply curve

Aggregate Supply

The total supply of goods and services that firms in a national economy plan on selling during a specific time period.

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, affecting purchasing power and inflation.

Real GDP

The total value of all goods and services produced within a country in a specific period, adjusted for inflation, reflecting the actual productivity of an economy.