The Long-Run Phillips Curve Indicates That the Consequences of Trying

Multiple Choice

The long-run Phillips curve indicates that the consequences of trying to reduce unemployment below its natural rate would be:

A) an ever-rising rate of unemployment.
B) an inflation rate equal to zero.
C) a very high uncontrollable rate of inflation.
D) a very low rate of inflation.
E) a natural rate of unemployment equal to zero.