1.y pts 31. Suppose we noted that over the recent period we had an inflation rate of 0% and we had a recession. (Depending on how the data shake out, we may see something like this in US macroeconomic data in the short-run after the onset of the COVID-19 pandemic. Based on our standard Aggregate Demand and Supply analysis (assuming that the price level is flexible to adjust to changes if necessary), we would infer that we had O an increase in Aggregate Demand and an increase in Aggregate Supply. O a decrease in Aggregate Demand and an increase in Aggregate Supply. O a decrease in Aggregate Demand and a decrease in Aggregate Supply. O an increase in Aggregate Demand and a decrease in Aggregate Supply. no shift in Aggregate Demand and a decrease in Aggregate Supply