Figure 16-2
-Refer to Figure 16-2. The figure shows the three inflation-unemployment Jphases. What are these three phases, moving clockwise from point A?
A) Phillips phase, recovery phase, stagflation phase
B) Recovery phase, stagflation phase, Phillips phase
C) Phillips phase, stagflation phase, recovery phase
D) Stagflation phase, recovery phase, Phillips phase

Question

Figure 16-2 
-Refer to Figure 16-2. The figure shows the three inflation-unemployment Jphases. What are these three phases, moving clockwise from point A?
A) Phillips phase, recovery phase, stagflation phase 
B) Recovery phase, stagflation phase, Phillips phase 
C) Phillips phase, stagflation phase, recovery phase 
D) Stagflation phase, recovery phase, Phillips phase

Quizplus · Accepted Answer

Moving clockwise from point A, the three phases are the Phillips phase (high inflation, low unemployment), stagflation phase (high inflation, high unemployment), and recovery phase (low inflation, low unemployment).

Figure 16-2 -Refer to Figure 16-2. the Figure Shows the Three Inflation-Unemployment