What are the immediate effects and the long-run effects if the Fed changes the quantity of money? Question content area bottom Part 1 If the Fed changes the quantity of money, the immediate effects are on _______ and the long-run effects are on _______. A. the price level; the inflation rate B. the short-term nominal interest rate; the price level and the inflation rate C. the price level; the real interest rate and the inflation rate D. the inflation rate; the long-run nominal interest rate and the real interest rate