answer with explanation in your words and dont make random guess

Given the following Phillips curve and Monetary rule: T= T-1+7(1-5) (Phillips curve) H TT - TT T = ( y - y) (Monetary rule) Assume that the economy was initially at the target inflation and equilibrium output. Assume now that the economy experiences an inflation (supply) shock that suddenly increases inflation by three percentage points higher than target inflation. Assume y >1 but B=1. O A. Relative to when y =8=1, the central bank will always wish to cut output by more in response to the given inflation shock O B. Relative to when y =8=1, the central bank will always wish to cut output by less in response to the given inflation shock O C. Relative to when y ==1, the central bank will always wish to cut output by the same amount in response to the given inflation shock O D. Relative to when y =0=1, the central bank may cut output by more or less in response to the given inflation shock O E. None of the above