In general, if the Fed increases the supply of money by 5%, which of the following statements can we claim to be true with certainty? (In general means, do not make any assumptions about anything.)
A. The price level will increase by 5%, but the real GDP will remain the same.
B. The real GDP will increase by 5%, but the price level will remain the same.
C. The Nominal GDP will increase by 5%.
D. We cannot claim any of the above to be true with certainty.