If Aggregate Demand Decreases, the

Multiple Choice

If aggregate demand decreases, the

A) short-run Phillips curve shifts rightward.
B) short-run Phillips curve shifts leftward.
C) economy moves to a higher inflation rate along its short-run Phillips curve.
D) economy moves to a lower inflation rate along its short-run Phillips curve.
E) short-run Phillips curve does not shift nor is there a movement along it.