As Nominal Money Supply Is Steadily Increased and the Long-Run

Multiple Choice

As nominal money supply is steadily increased and the long-run AS-curve shifts to the right over time, we realize that

A) the price level decreases since the AS-curve shifts right while the AD-curve remains constant
B) the price level stays the same, while output continuously increases
C) the price level increases or decreases depending on the respective shifts in the AD-curve and the AS-curve, but the level of output is essentially determined by the shifts in the AS-curve
D) we will experience a substantial increase in inflation with very little increase in output
E) none of the above