The President of the Island Nation of Winstone Refuses to Raise

The president of the island nation of Winstone refuses to raise taxes, but wants to expand many government services and increase the size of Winstone's armed forces. He plans to pay for all of the desired expenditures by printing more money. If the president carries out his plan by rapidly increasing the supply of money, Winstone will likely experience

A) a severe recession.
B) reduced private sector spending.
C) widespread surpluses of goods and services.
D) an increase in the rate of inflation.