There is no trade-off between unemployment and inﬂation in the long run.

Name: There is no trade-off between unemployment and inﬂation in the long run.
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This is known as the Phillips curve, which suggests that there is a short-term trade-off between unemployment and inflation, but in the long run, they are unrelated. This is because, in the long run, wages and prices adjust to changes in inflation, making unemployment and inflation independent of each other.

There Is No Trade-Off Between Unemployment and Inﬂation in the Long