Refer to the Information Provided in Figure 14

Multiple Choice

Refer to the information provided in Figure 14.7 below to answer the questions that follow. Figure 14.7
-Refer to Figure 14.7.Suppose the economy is at Point A,a sudden increase in the price of oil without any change in the aggregate demand shifts the short-run Phillips curve (SRPC) from

A) SRPC1 to SRPC2.
B) SRPC1 to SRPC3.
C) SRPC2 to SRPC1.
D) SRPC3 to SRPC1.