The Phillips curve demonstrates a robust and long- term relationship between inflation and unemployment.

Name: The Phillips curve demonstrates a robust and long- term relationship between inflation and unemployment.
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The Phillips curve suggests a short-term trade-off between inflation and unemployment, but over the long term, this relationship has not proven to be robust or consistent, as factors like expectations of inflation can alter the trade-off.

The Phillips Curve Demonstrates a Robust and Long- Term Relationship