An economy can, in principle, produce at full employment with any inflation rate.

Name: An economy can, in principle, produce at full employment with any inflation rate.
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The Phillips Curve suggests that there is a trade-off between inflation and unemployment in the short run, but in the long run, an economy can adjust to operate at full employment regardless of the inflation rate, as expectations adjust and the natural rate of unemployment is not dependent on inflation.

An Economy Can, in Principle, Produce at Full Employment with Any