Suppose that one of Australia's major trading partners experiences a shock that results in a major economic slump resulting in a large decrease in the quantity demand for Australian produced goods and services. In determining the effect of this event on Australia's aggregate output interest rate.

inflation rate and unemployment rate, the first step is to realize that this causes.

a. a downward shift of the AE curve from AE to AE

b. an upward shift of the AE curve from AE to AE

c. a lettward shift of the AS curve AS to AS

d. rightward shift of the AS curve from AS, to AS