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What Are the Three Phases of the Inflation-Unemployment Cycle

Question 10

Multiple Choice

What are the three phases of the inflation-unemployment cycle?


A) the expansionary phase, the full-employment phase, and the contractionary phase
B) the Phillips phase, the stagflation phase, and the growth phase
C) the Phillips phase, the stagflation phase, and the recovery phase
D) the expansionary phase, the stagflation phase, and the recovery phase

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