Refer to the Following Figure When Answering the Following Questions

question 6

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 12.4: Phillips Curve
-Consider the Phillips curve in Figure 12.4. At point b, the economy is ________, and at point a, the economy is ________.

• A) in recession; booming
• B) in recession; in its long-run equilibrium
• C) in recession; in recession
• D) booming; in recession
• E) in its long-run equilibrium; in recession

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Definitions:

Preponderance

The greater weight of evidence, or evidence that is more convincing than the evidence offered in opposition to it.

Evidence

Information or facts presented in a legal proceeding to establish the truth of an assertion or to prove a point in dispute.

Proof

Proof is evidence or argument establishing a fact or the truth of a statement in a legal or logical context.

Assault

An act that threatens physical harm to a person, whether or not actual harm is inflicted.