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

Question 6

Multiple Choice

-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 downward.
C) the SRPC will shift upward.
D) Neither the LRPC nor the SRPC will shift.

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