In the Long Run

Multiple Choice

In the long run,

A) attempts to "fine-tune" the economy cause the rate of unemployment to accelerate.
B) there is no inflation-unemployment trade-off.
C) there is an inflation-unemployment trade-off, and the terms of that trade-off have worsened in recent years.
D) there is an inflation-unemployment trade-off, but the terms of that trade-off have improved in recent years.