Consider the Following Statement: "President X Expressed Concern About Reports

question 81

Multiple Choice

Consider the following statement: "President X expressed concern about reports of rising inflation but insisted the economy is on the right course. He pointed to recent reductions in unemployment as evidence that his economic policies are working." Identify the stage of the inflation-unemployment relationship.

• A) The stagflation phase
• B) The recovery phase
• C) The Phillips phase
• D) The contraction phase

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