Use the Following to Answer Questions

question 50

Multiple Choice

Use the following to answer questions .
Exhibit: AD-AS and the Inflation-Unemployment Cycle
-(Exhibit: AD-AS and the Inflation-Unemployment Cycle) The movement from

• A) point 1 to point 2 is representative of a recovery phase.
• B) point 3 to point 4 is representative of a stagflation phase.
• C) point 3 to point 2 is representative of a recovery phase.
• D) point 4 to point 3 is representative of a Phillips phase.

---

Definitions:

Attributes

Traits or attributes that naturally belong to or are attributed to a person or an entity.

Behaviours

Observable actions or reactions of an individual or group in response to external or internal stimuli.

Charismatic/Value-Based

Leadership style characterized by the ability to inspire and motivate followers through personal charm, conviction, and the projection of core values.

Autonomous

The ability to operate independently or make decisions without external control.