Suppose the natural unemployment rate is 4 percent and the expected inflation rate is 6 percent.In the figure below, illustrate the long-run Phillips curve.What does the long-run Phillips curve reveal abut the long-run tradeoff between inflation and unemployment?

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The Answer of Suppose the natural unemployment rate is 4 percent and the expected inflation rate is 6 percent.In the figure below, illustrate the long-run Phillips curve.What does the long-run Phillips curve reveal abut the long-run tradeoff between inflation and unemployment?

Suppose the Natural Unemployment Rate Is 4 Percent and the Expected