In the monetarist view, if there is an increase in money growth then

In the monetarist view, if there is an increase in money growth then

a. the money supply and inflation will grow proportionally, with no effect on output and employment.
b. the money supply grows faster than the inflation rate, with unfavorable effects on output and employment.
c. the money supply grows faster than the inflation rate, leading to an increase in output and employment in the short-run.
d. there will be no effect on output, employment, or inflation, in the long-run.
e. both c and d.

ANSWER

C