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

question 125

Multiple Choice

Consider the following statement: "President X 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-unemployment phase.

• A) the stagflation phase
• B) the recovery phase
• C) the Phillips phase
• D) the growth phase

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