-In the above figure, suppose that the economy is at point C. If the inflation rate is lower than expected,
A)the LRPC will shift rightward.
B)the SRPC will shift upward.
C)the SRPC will shift downward.
D)Neither the LRPC nor the SRPC will shift.

Question

-In the above figure, suppose that the economy is at point C. If the inflation rate is lower than expected,
A)the LRPC will shift rightward. 
B)the SRPC will shift upward. 
C)the SRPC will shift downward. 
D)Neither the LRPC nor the SRPC will shift.

Quizplus · Accepted Answer

The Answer of 
-In the above figure, suppose that the economy is at point C. If the inflation rate is lower than expected,
A)the LRPC will shift rightward. 
B)the SRPC will shift upward. 
C)the SRPC will shift downward. 
D)Neither the LRPC nor the SRPC will shift.

-In the Above Figure, Suppose That the Economy Is at Point