The long-run Phillips curve is:
A. the same as the short-run Phillips curve.
B. negatively sloped, showing an inverse relationship between unemployment and inflation.
C. unrelated to the NAIRU.
D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).

Question

The long-run Phillips curve is:
A. the same as the short-run Phillips curve.
B. negatively sloped, showing an inverse relationship between unemployment and inflation.
C. unrelated to the NAIRU.
D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).

The long-run Phillips curve is:

A. the same as the short-run Phillips curve.

B. negatively sloped, showing an inverse relationship between unemployment and inflation.

C. unrelated to the NAIRU.

D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).

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The long-run Phillips curve is: A. the same as the short-run Phillips curve. B. negatively sloped, showing an inverse relationship between unemployment and inflation. C. unrelated to the NAIRU. D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).