Which of the following would be the theoretical outcome of contractionary fiscal policy in the following aggregate demand-aggregate supply model, where LRAS is long-run aggregate supply and SRAS is short-run aggregate supply? 
Definitions:
Economic Outcome
The result of economic activities, often measured in terms of growth, employment, and inflation.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price in a specific time period.
Equilibrium Price
The price at which the quantity of goods demanded equals the quantity of goods supplied, commonly referred to as the market-clearing price.
Tax
A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
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