The economy is currently operating at long-run equilibrium. The central bank engages in expansionary monetary policy. How will the central bank’s action affect the economy’s real output and the price level in the short run? A: Real output will decrease, and the price level will increase.

B: Real output will decrease, and the price level will not change.

C: Real output will not change, and the price level will not change.

D: Real output will increase, and the price level will increase.

E. Real output will not change, and the price level will decrease.