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Question 18 Not yet answered Marked out of 1 P Flag question Refer to the figures below

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Question 18 Not yet answered Marked out of 1 P Flag question Refer to the figures below. Inflation Rate Unemployment Rate Price Level FD +A Output
Select one: a. Starting from points C and 3 in the figures above, an unexpected decision by the South African Reserve Bank to pursue contractionary monetary policy moves the economy to A and 1 in the short run. b. Starting from points C and 3 in the figures above, an unexpected decision by the South African Reserve Bank to pursue contractionary monetary policy moves the economy to B and 2 in the short run. C. Starting from points C and 3 in the figure above, an unexpected decision by the South African Reserve Bank to pursue contractionary monetary policy moves the economy back to C and 3 in the short run. d. Starting from points C and 3 in the figure above, an unexpected decision by the South African Reserve Bank to pursue contractionary monetary policy moves the economy to D and 4 in the short run.