Use the following to answer questions .
Exhibit: Shifts in Aggregate Demand and Aggregate Supply and Inflation-Unemployment Phases
-(Exhibit: Shifts in Aggregate Demand and Aggregate Supply and Inflation-Unemployment Phases) The movement from point 4 to point 5 is consistent with which inflation-unemployment phase?
A) Phillips phase because inflation is increasing while unemployment is falling
B) recovery phase because although inflation has risen, unemployment has fallen
C) growth phase because the economy is producing above its potential output
D) recovery phase because inflation and unemployment have fallen
Correct Answer:
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Q68: Use the following to answer questions .
Exhibit:
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Exhibit:
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Q73: Consider the following statement: "President X expressed
Q74: In a recovery phase,
A) the inflation rate
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