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

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


D

Economics

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