If the Central Bank Increases the Growth Rate of the Money

Multiple Choice

If the central bank increases the growth rate of the money supply and initially inflation expectations are unchanged, then in the short run

A) unemployment rises. In the long run the short-run Phillips curve shifts left.
B) unemployment rises. In the long run the short-run Phillips curve shifts right.
C) unemployment falls. In the long run the short-run the Phillips curve shifts left.
D) unemployment falls. In the long run the short-run the Phillips curve shifts right.