According to the equation for the Phillips curve, there is a unique tradeoff between inflation and unemployment for each level of inflationary expectations.

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According to the Phillips curve, there is a negative relationship between unemployment and inflation, but this relationship is influenced by inflationary expectations. As inflationary expectations change, the position of the Phillips curve shifts, indicating a different tradeoff between inflation and unemployment. However, for a given level of inflationary expectations, there is a unique tradeoff between inflation and unemployment.

According to the Equation for the Phillips Curve, There Is