What Are Three Phases of Inflation-Unemployment Cycles

question 85

Multiple Choice

What are three phases of inflation-unemployment cycles?

• A) An expansionary phase, a full-employment phase, and a contractionary phase
• B) A Phillips phase, a stagflation phase, and a growth phase
• C) A Phillips phase, a stagflation phase, and a recovery phase
• D) An expansionary phase, a stagflation phase, and a recovery phase

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