Assuming that some wage contracts are negotiated for lengthy periods, which of the following is an accurate description of why the short-run aggregate supply curve (SRAS) might shift to the left? Group of answer choices If inflation is higher than expected, suppliers earn higher than expected profits from contract labor, which creates an incentive for hiring and results in higher production If inflation is higher than expected, suppliers earn lower than expected profits from contract labor, which creates a disincentive for hiring and results in lower production If inflation is lower than expected, suppliers earn higher than expected profits from contract labor, which creates an incentive for hiring and results in higher production If inflation is lower than expected, suppliers earn lower than expected profits from contract labor, which creates a disincentive for hiring and results in lower production