The Economy Is Initially in Long-Run Equilibrium

Multiple Choice

The economy is initially in long-run equilibrium.The AD curve shifts to the right and the price level rises.Assuming that the economy is self-regulating,the SRAS curve will shift to the left and the price level will rise even further.If the price level now remains constant,what have we witnessed?

A) one-shot demand-induced inflation
B) continued demand-induced inflation
C) one-shot supply-induced inflation
D) one-shot inflation that was partly demand-induced and partly supply-induced
E) continued supply-side inflation