Refer to the Following Figure When Answering

question 101

Multiple Choice

Refer to the following figure when answering
Figure 9.4: U.S. Inflation 1990-2012
(Source: Bureau of Labor Statistics)
-Consider Figure 9.4, which shows the annual inflation rate. According to the Phillips curve, the period from about 2001 to 2002 was a period of:

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Definitions:

Antarctica

The Earth's southernmost continent, containing the geographic South Pole, noted for its vast ice sheets and extreme cold temperatures.

Mesozoic

The geological era that lasted from about 252 to 66 million years ago, including the Triassic, Jurassic, and Cretaceous periods, known for the dominance and eventual extinction of dinosaurs.

Gondwana

An ancient supercontinent that included present-day Africa, South America, Antarctica, India, and Australia, existing from the late Neoproterozoic until its break-up in the Jurassic period.

Southern Hemisphere

The half of Earth that lies south of the Equator, encompassing continents like Australia, Antarctica, and parts of Africa, South America, and Asia.