Figure 1310 Alt Text for Figure 13

Multiple Choice

Figure 13.10 Alt text for Figure 13.10: In figure 13.10, a graph comparing unemployment rate and inflation rate.
Long description for Figure 13.10: The x-axis is labelled, unemployment rate percent, and the y-axis is labelled, inflation rate percent per year.3 points; A, B, and C are plotted such that A and B share equivalent y-axis values, and B and C share equivalent x-axis values.
-Refer to Figure 13.10.A response to persistent ________ due to ongoing expansionary monetary policy is depicted in the figure above as a movement from C to A to B.

A) deflation
B) high unemployment
C) high inflation
D) appreciation of the dollar
E) falling expectations of inflation