-Use the above figure. The long-run Phillips curve is best depicted by graph
A) A.
B) B.
C) C.
D) D.

Name: -Use the above figure. The long-run Phillips curve is best depicted by graph A) A. B) B. C) C. D) D.
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Question

-Use the above figure. The long-run Phillips curve is best depicted by graph
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

The long-run Phillips curve is vertical, reflecting the theory that there is no trade-off between inflation and unemployment in the long run. This is depicted by graph C, where the curve is vertical at the natural rate of unemployment.

-Use the Above Figure