What Would We NOT Expect to Happen If Government Policy

question 81

Multiple Choice

What would we NOT expect to happen if government policy moved the economy up along a given short-run Phillips curve?

• A) Ravi reads in the newspaper that the central bank decreased the money supply.
• B) Tony gets more job offers.
• C) Louis makes larger increases in the prices at his health food store.
• D) Jessica's nominal wage increases at a faster rate.

---

Definitions:

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association that outlines mental health conditions.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association for diagnosing mental conditions.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Axis IV

A classification used in previous versions of the Diagnostic and Statistical Manual of Mental Disorders (DSM) to identify psychosocial and environmental problems relevant to the diagnosis, treatment, and prognosis of disorders.