Comparing the short-run Phillips curve and the long-run Phillips curve, we see that there is
A)a tradeoff in both curves.
B)no relationship between the two curves.
C)no tradeoff in either curve.
D)only a short-run tradeoff between inflation and unemployment but not a long-run tradeoff.
E)only a long-run tradeoff between inflation and unemployment but not a short-run tradeoff.

Question

Comparing the short-run Phillips curve and the long-run Phillips curve, we see that there is
A)a tradeoff in both curves. 
B)no relationship between the two curves. 
C)no tradeoff in either curve. 
D)only a short-run tradeoff between inflation and unemployment but not a long-run tradeoff. 
E)only a long-run tradeoff between inflation and unemployment but not a short-run tradeoff.

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The Answer of

Comparing the short-run Phillips curve and the long-run Phillips curve, we see that there is
A)a tradeoff in both curves. 
B)no relationship between the two curves. 
C)no tradeoff in either curve. 
D)only a short-run tradeoff between inflation and unemployment but not a long-run tradeoff. 
E)only a long-run tradeoff between inflation and unemployment but not a short-run tradeoff.

Comparing the Short-Run Phillips Curve and the Long-Run Phillips Curve