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Question 77

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Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle Use the following to answer questions . Exhibit: The Inflation-Unemployment Cycle -(Exhibit: The Inflation-Unemployment Cycle) The shifts of AD from point 1 to 2 to 3 to 4 are characteristic of the _______ phase of the inflation-unemployment cycle. A) stagflation B) recovery C) Phillips D) advanced
-(Exhibit: The Inflation-Unemployment Cycle) The shifts of AD from point 1 to 2 to 3 to 4 are characteristic of the _______ phase of the inflation-unemployment cycle.


A) stagflation
B) recovery
C) Phillips
D) advanced

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