Most economists reject the idea of a long-run tradeoff between unemployment and inflation.

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This idea was popularized during the 1960s and 1970s, but it has been widely discredited by empirical evidence and theoretical developments since then. The modern consensus among economists is that there may be a short-run tradeoff between unemployment and inflation, but this is temporary and eventually gives way to a long-run neutrality of money in the face of real economic forces.

Most Economists Reject the Idea of a Long-Run Tradeoff Between