Of the Three Phases Involved in the Elimination of a Sustained

Of the three phases involved in the elimination of a sustained inflation in Canada, the second phase is characterized by

A) the Bank of Canada slowing the rate of monetary expansion.
B) increased inflation with rising output and falling unemployment.
C) the Bank of Canada pursuing an expansionary monetary policy.
D) aggregate output being returned to potential output.
E) stagflation with falling output and continuing inflation.