ECOFIUITIICS 1. If the interest rate is above the Fed's target, the Fed should Sub-subject Search And Select a buy bonds to decrease the money ' supply. in sell bonds to increase the money ' supply. buy bonds to increase the money su pply. d sell bonds to decrease the money ' supply. 2. If expected inflation increases. which of the following shifts right? the longrun but not the shortrun Phillips curve b both the shortrun and the longrun ' Phillips curves the short-run but not the long-run Phillips curve neitherthe longrun nor the shortrun Phillips curve