Refer to Figure 13.7 for the Following Questions

question 72

Multiple Choice

Refer to Figure 13.7 for the following questions.
Figure 13.7

-Suppose that the economy is at point A on the Phillips curve in Figure 13.7. If the aggregate demand curve shifts to the right by less than the long-run aggregate supply, then the economy will:

• A)remain at point A on the Phillips curve.
• B)move to point B on the Phillips curve.
• C)move to point C on the Phillips curve.
• D)move to point D on the Phillips curve.