If expected inflation falls, the long-run Phillips curve will

Name: If expected inflation falls, the long-run Phillips curve will
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The long-run Phillips curve is vertical at the natural rate of unemployment and does not shift due to changes in expected inflation. It represents the relationship between unemployment and inflation when expectations are fully adjusted, implying that in the long run, there is no trade-off between inflation and unemployment.

If Expected Inflation Falls, the Long-Run Phillips Curve Will