Figure 17-1 -Which of the Following Is True About the Economy Depicted

question 31

Multiple Choice

Figure 17-1

-Which of the following is true about the economy depicted in Figure 17-1?

• A)It is experiencing supply-side inflation.
• B)Policy makers have chosen to fight inflation rather than unemployment.
• C)The increase in aggregate demand has increased prices but not real GDP.
• D)The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.

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