Multiple Choice
Refer to the following figure when answering the following questions.
Figure 9.4: Phillips Curve
-Consider the Phillips curve at in Figure 9.4. The economy is:
A) booming.
B) inflationary.
C) at its potential output.
D) in recession.
E) Not enough information is given to determine.
Correct Answer:

Verified
Correct Answer:
Verified
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