A Shift to a More  Expansionary  Monetary Policy Will Generally  _________ in the Short

Multiple Choice

A shift to a more  expansionary  monetary policy will generally  _________ in the short run, but if the rapid monetary expansion persists, the  long-run result will be  ______.(fill in the blanks.)

A) expand output and employment; inflation
B) increase the general level of prices; expand  output and employment
C) increase the rate of unemployment; reduce the rate of inflation
D) reduce the rate of inflation;  increase the rate of unemployment