Consider the following statement: "President X expressed satisfaction with last year's economic performance. He said that with inflation and unemployment heading down, the nation 'is on the right course'. " Identify the stage of the inflation-unemployment phase.
A) the stagflation phase
B) the recovery phase
C) the Phillips phase
D) the growth phase

Question

Quizplus · Accepted Answer

The statement suggests that inflation and unemployment are both decreasing, which indicates a positive trend in the economy. This aligns with the recovery phase, which is characterized by decreasing unemployment and inflation. The other choices do not accurately describe the current state of the economy as indicated by the statement.

Consider the Following Statement: "President X Expressed Satisfaction with Last