where n is the central bank's inflation target which is equal to some positive constant. There are no costpush shocks. Assume the economy is initially at the point Y = Y", Ti." = 7:8' and the inflation expectations are backwardlooking, Ire = 11.1. Suppose the central bank wants to temporarily push the output beyond the natural level for at least 3 periods. Which of the following is true about the central bank's (CB) initial action and the reaction of the IS and Phillips (PC) curves one period later