Figure 1310 Alt Text for Figure 13

question 58

Multiple Choice

Figure 13.10 Alt text for Figure 13.10: In figure 13.10, a graph comparing unemployment rate and inflation rate.
Long description for Figure 13.10: The x-axis is labelled, unemployment rate percent, and the y-axis is labelled, inflation rate percent per year.3 points; A, B, and C are plotted such that A and B share equivalent y-axis values, and B and C share equivalent x-axis values.
-Refer to Figure 13.10.A response to persistent ________ due to ongoing expansionary monetary policy is depicted in the figure above as a movement from C to A to B.

• A)deflation
• B)high unemployment
• C)high inflation
• D)appreciation of the dollar
• E)falling expectations of inflation