At any point on the current SP curve that is to the right of the LP line,actual inflation is ________ than expected,which leads to wage renegotiations that shift SP ________.
A)lower,upward
B)lower,downward
C)higher,upward
D)higher,downward

Question

Quizplus · Accepted Answer

When the current SP curve is to the right of the LP line, actual inflation is higher than expected. This leads to upward wage renegotiations, which shift the SP curve upward.

At Any Point on the Current SP Curve That Is