Refer to the Following Figure When Answering
Figure $\tilde { Y } _ { t , 2 }$

Multiple Choice

Refer to the following figure when answering
Figure 9.3: Phillips Curve
-Consider the Phillips curve at $\tilde { Y } _ { t , 2 }$ in Figure 9.3. The economy is:

A) booming
B) inflationary
C) in recession
D) at potential output
E) Not enough information is given to determine.