Figure 16.2

-Refer to Figure 16.2. The simultaneous high unemployment and high inflation that occurred in the 1970s would best be represented by a movement from point

Question

Figure 16.2
 
-Refer to Figure 16.2. The simultaneous high unemployment and high inflation that occurred in the 1970s would best be represented by a movement from point

Quizplus · Accepted Answer

Point A represents a situation with both high unemployment and high inflation. Moving from point A towards point C represents a decrease in unemployment but an increase in inflation, while moving from point A towards point B represents a decrease in inflation but an increase in unemployment. Therefore, the best representation of the simultaneous high unemployment and high inflation of the 1970s would be a movement from point A towards point C, which is the opposite of the movement from point A towards point B.

Figure 16.2 -Refer to Figure 16.2. the Simultaneous High Unemployment and High