Use the following to answer questions .
Exhibit: The Inflation-Unemployment Cycle 
-(Exhibit: The Inflation-Unemployment Cycle) The shifts of AD from point 1 to 2 to 3 to 4 are characteristic of the _______ phase of the inflation-unemployment cycle.
A) stagflation
B) recovery
C) Phillips
D) advanced
Correct Answer:
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Q40: Use the following to answer questions .
Exhibit:
Q41: The Phillips phase of the inflation-unemployment relationship
Q42: In a recovery phase,
A) inflation and unemployment
Q43: The Phillips phase of the inflation-unemployment relationship
Q44: Use the following to answer questions .
Exhibit:
Q46: The essential feature of a stagflation phase
Q47: In the short run, if the economy
Q48: Use the following to answer questions .
Exhibit:
Q49: Use the following to answer questions .
Exhibit:
Q50: Use the following to answer questions .
Exhibit:
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