If the Phillips Curve Is ________ in the Long Run

question 71

Multiple Choice

If the Phillips curve is ________ in the long run, there is no trade-off between inflation and unemployment in the long run.

• A) negatively sloped
• B) concave
• C) convex
• D) vertical

---

Definitions:

Ace of Spades

A playing card with a single spade symbol and an ace rank, often considered to be the highest card in card games.

Ace of Hearts

One of the 52 playing cards in a standard deck, recognized by a single heart symbol and an 'A' indicating its rank.

King of Spades

A playing card in the spade suit, traditionally depicted with a king holding a sword.

Independent Events

Events wherein the happening of one does not alter the chance of occurrence of the others.