Multiple Choice
Which of the following would we not expect if government policy moved the economy up along a given short-run Phillips curve?
A) Ravi reads in the newspaper that the central bank recently raised the money supply.
B) Tony gets more job offers.
C) Louis makes smaller increases in the prices at his health food store.
D) Jessica's nominal wage increase is larger.
Correct Answer:
Verified
Correct Answer:
Verified
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