Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle 
-(Exhibit: The Inflation-Unemployment Cycle) Expansionary policy to counter a recessionary gap would move the economy from point:
A) 1 to 2.
B) 3 to 2.
C) 3 to 4.
D) 4 to 3.
Correct Answer:
Verified
Q30: During a Phillips phase,
A) inflation and unemployment
Q31: Prior to the 1970s, the model of
Q32: Rising inflation means
A) that the price level
Q33: Use the following to answer questions .
Exhibit:
Q34: During a recovery phase,
A) inflation and unemployment
Q36: Use the following to answer questions .
Exhibit:
Q37: During a stagflation phase,
A) inflation and unemployment
Q38: Falling inflation means
A) that the price level
Q39: Use the following to answer questions .
Exhibit:
Q40: Use the following to answer questions .
Exhibit:
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