Restrictive monetary policy will help to decrease inflation; the resulting increase in the natural unemployment rate is a small price to pay. Comment on this statement. In your answer, explain what po

a. A higher natural unemployment rate is a necessary consequence of restrictive monetary policy.
b. The natural unemployment rate is not affected by monetary policy.
c. The statement is incorrect; restrictive monetary policy increases both inflation and the natural unemployment rate.
d. The natural unemployment rate decreases with restrictive monetary policy.