Figure 16-7
-Refer to Figure 16-7. The movement from
A) point 1 to point 2 is representative of a recovery phase.
B) point 3 to point 4 is representative of a stagflation phase.
C) point 3 to point 2 is representative of a recovery phase.
D) point 4 to point 3 is representative of a Phillips phase.

Question

Figure 16-7 
-Refer to Figure 16-7. The movement from
A) point 1 to point 2 is representative of a recovery phase. 
B) point 3 to point 4 is representative of a stagflation phase. 
C) point 3 to point 2 is representative of a recovery phase. 
D) point 4 to point 3 is representative of a Phillips phase.

Quizplus · Accepted Answer

The Answer of Figure 16-7 
-Refer to Figure 16-7. The movement from
A) point 1 to point 2 is representative of a recovery phase. 
B) point 3 to point 4 is representative of a stagflation phase. 
C) point 3 to point 2 is representative of a recovery phase. 
D) point 4 to point 3 is representative of a Phillips phase.

Figure 16-7 -Refer to Figure 16-7. the Movement from