Use the following to answer questions .
Exhibit: Inflation and Unemployment 2 
-(Exhibit: Inflation and Unemployment 2) The figure shows the three inflation-unemployment
Phases. What are these three phases, moving clockwise from point A?
A) Phillips phase, recovery phase, stagflation phase
B) Recovery phase, stagflation phase, Phillips phase
C) Phillips phase, stagflation phase, recovery phase
D) Stagflation phase, recovery phase, Phillips phase
Correct Answer:
Verified
Q23: Use the following to answer questions .
Exhibit:
Q24: Prior to the 1970s, the model of
Q25: Stagflation implies that
A) policymakers can choose to
Q26: A period characterized by declining inflation and
Q27: A period marked by rising unemployment and
Q29: Use the following to answer questions .
Exhibit:
Q30: During a Phillips phase,
A) inflation and unemployment
Q31: Prior to the 1970s, the model of
Q32: Rising inflation means
A) that the price level
Q33: Use the following to answer questions .
Exhibit:
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