All of the Following Are True Along a Long-Run Phillips

Multiple Choice

All of the following are true along a long-run Phillips curve except one.Which is the exception?

A) unemployment is at the natural rate
B) employers and workers have the time and ability to adjust fully to unexpected changes in aggregate demand
C) the only choices for policy makers are different levels of inflation
D) inflation and unemployment are inversely related
E) changes in aggregate demand will have no effect in the long run on unemployment