Figure 16-2 -Refer to Figure 16-2. the Figure Shows the Three Inflation-Unemployment

Multiple Choice

Figure 16-2
-Refer to Figure 16-2. The figure shows the three inflation-unemployment Jphases. What are these three phases, moving clockwise from point A?

A) Phillips phase, recovery phase, stagflation phase
B) Recovery phase, stagflation phase, Phillips phase
C) Phillips phase, stagflation phase, recovery phase
D) Stagflation phase, recovery phase, Phillips phase