Use the Following to Answer Questions

question 96

Multiple Choice

Use the following to answer questions .
Exhibit: Shifts in Aggregate Demand and Aggregate Supply and Inflation-Unemployment Phases
-(Exhibit: Shifts in Aggregate Demand and Aggregate Supply and Inflation-Unemployment Phases) The movement from point 4 to point 5 is consistent with which inflation-unemployment phase?

• A) Phillips phase because inflation is increasing while unemployment is falling
• B) recovery phase because although inflation has risen, unemployment has fallen
• C) growth phase because the economy is producing above its potential output
• D) recovery phase because inflation and unemployment have fallen

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Definitions:

Segregation

The enforced separation of different racial groups in a country, community, or establishment.

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Incited or stimulated a reaction, often in a negative sense.

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A private company that manages and operates prisons and detention facilities on behalf of government agencies.

America

A term commonly referring to the United States, a country in North America known for its significant influence on global culture, economy, and politics.