The Expectations-Augmented Phillips Curve Concludes That ________

Multiple Choice

The expectations-augmented Phillips curve concludes that ________.

A) there is a long-run but not a short-run tradeoff between unemployment and inflation
B) there is a short-run but not a long-run tradeoff between unemployment and inflation
C) there is both a short-run and not a long-run tradeoff between unemployment and inflation
D) there is neither a short-run nor a long-run tradeoff between unemployment and inflation