"Monetizing the deficit" is a policy combination of financing budget deficits resulting from expansionary fiscal policy, with newly printed money.

With this type of policy combination, which of the following is least likely to happen?

Group of answer choices

There will be inflation except in the extreme case of Short run aggregate supply $($AS$)$

There will be no inflation

LM shifts to the right

There will be no or minimal crowding$-$out, as opposed to purely expansionary fiscal policy.