Suppose that the Fed suddenly and unexpectedly decreases the money supply in an effort to reduce inflation. As a result of this unanticipated action, actual inflation falls to 3%. On the above graph, use the black point (plus symbol labeled "B") to illustrate the short-run effects of this policy. Now, suppose that—after a period of 3% inflation—households and firms begin to expect that the inflation rate will continue to be 3%. On the above graph, use the purple line (diamond symbol) to draw SRPC2, the short-run Phillips curve that is consistent with these expectations, assuming that it is parallel to SRPC1. Finally, using the orange point (square symbol labeled "C"), indicate on the above graph the new long-run equilibrium for this economy.