Answer Happy

Suppose that the Fed increases the money supply. What will
happen to prices (P) and output (Y) in the short-run and in the
long-run? options:
Short Run: P constant, Y constant Long Run: P increase, Y
increase
Short Run: P increase, Y increase Long Run: P constant, Y
increase
Short Run: P increase, Y constant Long Run: P constant, Y
increase
Short Run: P constant, Y increase Long Run: P increase, Y
constant