economy shown in the graph to the right. Suppose that there is an increase in oil prices. The short-run effect of this change on the economy is A. a leftward shift of the SRAS curve, and cost-push inflation. B. a rightward shift of the AD curve, and demand-pull inflation. C. a rightward shift of the SRAS curve, and cost-push inflation. D. a leftward shift of the AD curve, and demand-pull inflation. E. none; changes in prices have no effect on the economy in the short run. . . . Question content area right Part 1 0 4 8 12 16 20 80 100 120 140 160 Real GDP ($ trillions) Price level LRASnbsp SRASAD