Consider the following statement: "President Nixon 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-unemploymentphase.
A) the stagflation phase
B) the recovery phase
C) the Phillips phase
D) the growth phase

Question

Quizplus · Accepted Answer

The statement mentions that inflation and unemployment are heading down, indicating a positive trend in the economy. This suggests that the economy is in the recovery phase, where both inflation and unemployment are decreasing.

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