-Consider Figure 12.9,which Shows Short-Run Output Fluctuations

Multiple Choice

-Consider Figure 12.9,which shows short-run output fluctuations
From 1990.1 to 2000.4,by quarter.If this is all the information you have,during the period 1997.1-1999.4,from the Phillips curve,you would conclude that:

A) inflation is accelerating, .
B) inflation is decelerating, .
C) unemployment is falling.
D) unemployment is rising.
E) Not enough information is given.