The long-run Phillips curve shows the relationship between the_{--------------------} and the _{--------------------}when there is no_{--------------------} unemployment. A)nominal interest rate; real interest rate; frictional B)inflation rate; unemployment rate; cyclical C)nominal interest rate; unemployment rate; cyclical D)inflation rate; unemployment rate; structural E)inflation rate; employment rate; seasonal

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The long-run Phillips curve illustrates the relationship between the inflation rate and the unemployment rate when there is no cyclical unemployment, indicating that unemployment is at its natural rate.

The Long-Run Phillips Curve Shows the Relationship Between The-------------------- and the --------------------when

The Long-Run Phillips Curve Shows the Relationship Between The_{--------------------} and the _{--------------------}when