The Short-Run Phillips Curve and the Long-Run Phillips Curve Are

Multiple Choice

The short-run Phillips curve and the long-run Phillips curve are different because

A) the expected rate of inflation is always zero in the long run, while it is a positive number in the short run.
B) the expected rate of inflation is always zero in the short run, while it is a positive number in the long run.
C) the actual and expected rate of inflation are equal in the short run.
D) the actual and expected rate of inflation are equal in the long run.