Refer to the Following Figure When Answering the Following Questions

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 9.5: U.S. Inflation 1960-2015 (Source: Bureau of Labor Statistics)
-Consider Figure 9.5, which shows the annual inflation rate. According to the Phillips curve, the period from about 2003 to 2005 was a period of:

A) a slumping economy.
B) a booming economy.
C) stagnation.
D) None of these answers is correct.
E) Not enough information is given.