The Implication of the Long-Run Phillips Curve Is That There

question 143

True/False

The implication of the long-run Phillips Curve is that there is no trade-off between inflation and
unemployment in the long-run.

---

Definitions:

Start-ups

New business ventures in their early stages, often characterized by innovation and designed to rapidly develop scalable business models.

Electronic Tendering

The process of conducting the tendering (or bidding) process online, including submission and review of bids, primarily to increase efficiency and reduce costs.

Suppliers

Entities or individuals that provide goods or services to other businesses or consumers, often playing a critical role in supply chains.

Virtual

Something that is not physically existing as such but made by software to appear to do so.