The Long-Run Phillips Curve Is a

Multiple Choice

The long-run Phillips curve is a

A) horizontal line indicating a positive relationship between inflation and unemployment.
B) vertical line indicating a positive relationship between inflation and unemployment.
C) vertical line that shows the relationship between inflation and unemployment when the economy is at full employment.
D) horizontal line that shows the relationship between inflation and unemployment when the economy is at full employment.
E) straight line with a 45 degree slope showing the long-run relationship between the inflation rate and the expected inflation rate.