Suppose the economy is initially operating at the natural level of output. Now, suppose the central bank raises the inflation target by 3%. Given this information, we would expect that:

a.the real interest rate will decrease by less than 3% in the medium run.

b.the real interest rate will increase by less than 3% in the medium run.

c.the real interest rate will decrease by exactly 3% in the medium run.

d.the real interest rate will not change in the medium run.

e.the real interest rate will increase by exactly 3% in the medium run.