In the Long Run, Unemployment Will Be at the Natural

question 41

Multiple Choice

In the long run, unemployment will be at the natural rate.This implies that

• A)there is a one-to-one relationship between unemployment and inflation and consequently, the Phillips curve is vertical.
• B)there is no relationship between unemployment and inflation and consequently, the Phillips curve is vertical.
• C)there is a positive relationship between unemployment and inflation and consequently, the Phillips curve is upward-sloping.
• D)there is a negative relationship between unemployment and inflation and consequently, the Phillips curve is downward-sloping.

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