Which of the Following Does the Long-Run Phillips Curve Tell

Multiple Choice

Which of the following does the long-run Phillips curve tell us?

A) That the Fed can select any rate of unemployment it wants in the long run
B) That the Fed can select any rate of inflation and unemployment rate it wants in the long run
C) That the Fed can select neither the rate of inflation nor the rate of unemployment in the long run
D) That there is a tradeoff between the rate of inflation and the rate of unemployment in the long run
E) That the Fed can select any rate of inflation it wants in the long run