Refer to the Diagram and Assume the Economy Is Initially $b _ { 1 } \text { and } c _ { 1 } \text {. }$

Multiple Choice

Refer to the diagram and assume the economy is initially at point b1. The long-run relationship between the unemployment rate and the rate of in?ation is represented by

A) the line connecting $b _ { 1 } \text { and } c _ { 1 } \text {. }$
B) the line through $b _ { 1 } , b _ { 2 } , b _ { 3 } , \text { and } b _ { 4 }$
C) the line connecting $c _ { 1 } \text { and } b _ { 2 } \text {. }$
D) any line parallel to the horizontal axis.