In the United States, through most of the 1990s, the unemployment rate and the inflation rate generally fell.With which phase of the inflation-unemployment cycle does this conform to?

Question

Quizplus · Accepted Answer

The falling unemployment rate and inflation rate in the 1990s in the United States align with the recovery phase of the inflation-unemployment cycle. This is characterized by a decrease in unemployment and a decrease in inflation due to economic expansion and growth.

In the United States, Through Most of the 1990s, the Unemployment