According to monetarist theory, if the money supply rises unexpectedly, what is the short-run effect on money wages, real wages and the level of employment?
- Amoney wages: increase; real wages: decrease; employment: increase
- Bmoney wages: increase; real wages: increase; employment: decrease
- Cmoney wages: decrease; real wages: increase; employment: decrease
- Dmoney wages: decrease; real wages: decrease; employment: increase