Question 10 1 points Save Answer Since the onset of COVID-19, central banks worldwide have taken unprecedented monetary policy actions to support their economies. One could reasonably predict that as people stopped going out and spending money during the initial stages of the Covid-19 pandemic, the velocity of money _ causing the aggregate demand curve (AD) to shift . Now suppose that the main goal of the European Central Bank during the initial stage of the pandemic was to keep the price level stable (avoid deflation) while the main goal of the US Central Bank (the Fed) was to keep output at its natural level (reduce unemployment). Then, in response to the change in the velocity of money caused by initial stages of the COVID-19 pandemic, O a. decreased; leftward, both the European Central Bank and Fed should have increased the quantity of money. O b. increased; leftward, both the European Central Bank and Fed should have decrease the quantity of money. O c. increased; leftward, the European Central Bank should have increased quantify of money, and Fed should have decreased the quantity of money. O d. increased; rightward, both the European Central Bank and Fed should have increased the quantity of money