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.....econ.... What is wrong with the following diagram of the short-run effect of a rise in the price of oil? P SRAS2 SRAS1 P2 P1

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.....econ....

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What is wrong with the following diagram of the short-run effect of a rise in the price of oil? P SRAS2 SRAS1 P2 P1 Q2 Q1 Q O Instead of the SRAS curve shifting, the AD curve should shift right. O Instead of the SRAS curve shifting, the AD curve should shift left. Nothing. O SRAS should shift right

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