c. Draw a diagram of demand and supply for long-term bonds. Label clearly the axis, the curves, and the equilibrium values. d. How will an increase in inflation expectations affect the demand and/or supply for long-term bonds? Illustrate this effect in your graph and explain briefly why you shifted the curve as you did. c. Draw a diagram of demand and supply for long-term bonds. Label clearly the axis, the curves, and the equilibrium values. d. How will an increase in inflation expectations affect the demand and/or supply for long-term bonds? Illustrate this effect in your graph and explain briefly why you shifted the curve as you did