Refer to the Following Figure When Answering the Following Questions

question 83

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 9.4: Phillips Curve
-Consider the Phillips curve at in Figure 9.4. Which of the following is true?

• A)The economy is booming.
• B)The economy is deflationary.
• C)The economy is at potential output.
• D)The economy is in recession.
• E)Unemployment is above the natural level.

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