In the short run and in the long run, there is a tradeoff between inflation and
Junemployment.

Name: In the short run and in the long run, there is a tradeoff between inflation and Junemployment.
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In the short run, there is a tradeoff between inflation and unemployment, known as the Phillips Curve. However, in the long run, this tradeoff does not exist as expectations adjust, and the economy returns to the natural rate of unemployment.

In the Short Run and in the Long Run, There