In the aggregate demand-aggregate supply model, the impact of these policies is that multiple choice 2 the aggregate demand curve will shift leftward. If the price level is flexible it will fall but, under real world conditions, it is more likely that the price level will stop rising or rise less rapidly and the inflationary GDP gap will disappear. the aggregate demand curve will shift rightward. If the price level is flexible it will fall but, under real world conditions, it is more likely that the price level will stop rising or rise less rapidly and the inflationary GDP gap will disappear. the aggregate demand curve will shift leftward and the price level will fall. the aggregate demand curve will shift rightward and the inflationary GDP gap will disappear