Which of the following would we not expect if government policy moved the economy up along a given short-run Phillips curve?

Question

Quizplus · Accepted Answer

Louis makes smaller increases in the prices at his health food store.As the economy moves up along a given short-run Phillips curve, inflation is expected to increase. Therefore, we would not expect Louis to make smaller increases in the prices at his health food store.

Which of the Following Would We Not Expect If Government