If investors expected inflation to increase in the future, and they also became more risk averse, what could be said about the change in the Security Market Line $($SML$)?$

Question $19$ options:

a$.$ The SML would shift up and the slope would increase.

b$.$ The SML would shift up and the slope would decrease.

c$.$ The SML would shift down and the slope would increase.

d$.$ The SML would shift down and the slope would decrease.

e$.$ The SML would remain unchanged.