Suppose the central bank lowers its long-run inflation target. How would the adjustment path to the new equilibrium be different in a model that assumes rational expectations compared to a model that assumes adaptive expectations? O the loss in output is bigger and the reduction in inflation takes longer under rational expectations the loss in output is bigger and the reduction in inflation comes faster under rational expectations O the loss in output is smaller and the reduction in inflation takes longer under rational expectations O the loss in output is smaller and the reduction in inflation comes faster under rational expectations