-Refer to the above diagram and assume the economy is initially at point b₁.According to the adaptive expectations theorists,the long-run relationship between the unemployment rate and the rate of inflation is represented by: A) the line connecting B₁ and C₁. B) the line through B₁,B₂,B₃,and B₄. C) the line connecting C₁ and B₂. D) any line parallel to the horizontal axis.

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The Answer of -Refer to the above diagram and assume the economy is initially at point b₁.According to the adaptive expectations theorists,the long-run relationship between the unemployment rate and the rate of inflation is represented by: A) the line connecting B₁ and C₁. B) the line through B₁,B₂,B₃,and B₄. C) the line connecting C₁ and B₂. D) any line parallel to the horizontal axis.

-Refer to the Above Diagram and Assume the Economy Is