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Figure 16-7 -Refer to Figure 16-7.The Movement from _____ Is Representative of _____

Question 14

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Figure 16-7
Figure 16-7 -Refer to Figure 16-7.The movement from _____ is representative of the _____ phase of the Inflation-unemployment cycle. A) point 1 to point 2; recovery B) point 3 to point 4; stagflation C) point 3 to point 2; Phillips D) point 4 to point 3; Phillips
-Refer to Figure 16-7.The movement from _____ is representative of the _____ phase of the Inflation-unemployment cycle.


A) point 1 to point 2; recovery
B) point 3 to point 4; stagflation
C) point 3 to point 2; Phillips
D) point 4 to point 3; Phillips

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