Which of the Following Would We Not Expect If Government

question 162

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)Teresa reads in the newspaper that the central bank recently raised the money supply.
• B)Jackie gets fewer job offers.
• C)Miguel makes larger increases in the prices at his health food store.
• D)Julie's nominal wage increase is larger.

---

Definitions:

Inventory

Goods or materials that a business holds for the ultimate goal of resale, including raw materials, work-in-progress, and finished goods.

Cost

The value of the financial resources expended to acquire or produce a product or service.

Selling Price

The amount of money for which a product or service is offered for sale to consumers.

Risks

The potential for losing something of value, which can be financial, physical, emotional, or otherwise, as a result of actions taken or events that occur.