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.
b
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Use the figure below to answer the following question. 
A movement along the supply schedule from point y to point x is associated with
A. diminishing marginal utility. B. diminishing marginal product. C. increasing marginal product. D. increasing marginal utility.
When we hear on the news, "The Fed has increased interest rates today," the Fed has most likely
A) raised the required reserve ratio. B) sold government bonds. C) lowered the discount rate. D) bought government bonds.
Does the short-run Phillips curve have a positive or negative slope? Explain how this slope is derived
What will be an ideal response?
Suppose the price of a bag of tortilla chips decreases from $3.00 to $2.50 and, as a result, the quantity of tortilla chips demanded increases from 200 bags to 300 bags. Using the midpoint method, the price elasticity of demand for tortilla chips in the given price range is
a. 0.33. b. 0.45. c. 2.20. d. 3.00.