Figure 16-5 -Refer to Figure 16-5.The Shifts of Aggregate Demand from Points

Multiple Choice

Figure 16-5

-Refer to Figure 16-5.The shifts of aggregate demand from points a to b to c to d are Characteristic of which phase(s) of the inflation-unemployment cycle?

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