Multiple Choice
The long-run Phillips curve indicates that
A) any inflation rate is possible at the natural unemployment rate.
B) there is a tradeoff between the inflation rate and the unemployment rate in the long-run.
C) there is no way to control the inflation rate in the long run.
D) potential GDP can never be achieved.
E) any unemployment rate is possible at the natural inflation rate.
Correct Answer:
Verified
Correct Answer:
Verified
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