a. There is a long-run trade-off between inflation and unemployment.
b. The short-run Phillips Curve is horizontal.
Ć There is no trade-off between inflation and unemployment in the long run.
d. The long-run Phillips Curve is horizontal
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Home » Mathematics » Which of the following is a true statement? Select one: a. There is a long-run trade-off between inflation and unemployment. b. The short-run Phillips Curve is horizontal. Ć There is no trade-off between inflation and unemployment in the long run. d.