If the economy is at point A in the Phillips curve graph shown and the government runs expansionary monetary policy, what prediction would you make for inflation? 
Definitions:
Foreign-Currency Exchange
The process of converting one country's currency into another, a key component in international trade and finance.
Exchange Rate
The value of one currency for the purpose of conversion to another currency.
Net Capital
The difference between a company's total assets and its total liabilities.
Loanable Funds
A term in economics referring to the market where savers supply funds to borrowers, influencing interest rates based on demand and supply.
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