What Impact Does Monetary Policy Have on the Long-Run Phillips

Multiple Choice

What impact does monetary policy have on the long-run Phillips curve?

A) Monetary policy can only shift the long-run Phillips curve to the left.
B) Monetary policy shifts the long-run Phillips curve to the right or left,depending on whether monetary policy is expansionary or contractionary.
C) Monetary policy can only shift the long-run Phillips curve to the right.
D) Monetary policy has no impact on the long-run Phillips curve.