What Movement Would Occur on an Economy's Simple Phillips Curve

Multiple Choice

What movement would occur on an economy's simple Phillips curve when the economy's aggregate demand curve shifts to the left? There would be a movement to a _____ point on the curve with:

A) lower; higher unemployment and lower inflation.
B) higher; higher unemployment and lower inflation.
C) lower; lower unemployment and higher inflation.
D) higher; lower unemployment and higher inflation.