If the Money Supply Growth Rate Permanently Increased from 4

If the money supply growth rate permanently increased from 4 percent to 12 percent, which of the following would we expect to happen?

A) The inflation rate would increase by 8 percent, and the nominal interest rate would increase by less than 10 percent.
B) The inflation rate would increase by less than 8 percent, and the nominal interest rate would increase by 8 percent.
C) Both the inflation rate and the nominal interest rate would increase by 8 percent.
D) Both the inflation rate and the nominal interest rate would increase by less than 8 percent.