Figure 16-4 -Refer to Figure 16-4. the Shifts of Aggregate Demand from Aggregate

Multiple Choice

Figure 16-4
-Refer to Figure 16-4. The shifts of aggregate demand from points a to b to c to d are Jcharacteristic of which phase(s) of the inflation-unemployment relationship?

A) The Phillips phase to the stagflation phase
B) The Phillips phase to the recovery phase
C) The Phillips phase
D) The Phillips phase to the stagflation phase and to recovery phase