If the Fed Makes an Unexpected Open Market ________ of Government

Multiple Choice

If the Fed makes an unexpected open market ________ of government securities,the aggregate ________ curve shifts rightward and ________.

A) sale; supply; the short-run Phillips curve shifts upward
B) purchase; demand; the short-run Phillips curve shifts downward
C) sale; demand; there is a movement along the short-run Phillips curve
D) purchase; demand; the long-run Phillips curve shifts rightward