Suppose Americans Become Concerned About Saving for Retirement And,as a Result,reduce

Multiple Choice

Suppose Americans become concerned about saving for retirement and,as a result,reduce their current consumption expenditures.Which of the following would you expect to occur as a result of this change?

A) In the short run,unemployment will increase and inflation will fall.
B) ​In the short run,unemployment will increase and inflation will rise.
C) ​In the short run,unemployment will decrease and inflation will rise.
D) ​In the short run,unemployment will decrease and inflation will fall.