During Early 2001, the Fed Unexpectedly Increased the Money Supply

Multiple Choice

During early 2001, the Fed unexpectedly increased the money supply.The effect of this policy was a

A) movement downward along the short-run Phillips curve.
B) movement upward along the short-run Phillips curve.
C) upward shift of the short-run Phillips curve.
D) downward shift of the short-run Phillips curve.
E) rightward shift of the long-run Phillips curve.