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In the long run, the Phillips Curve shows that Select one: A. the natural rate of unemployment is independent of fiscal and monetary policy changes.
In the long run, the Phillips Curve shows that
Select one:
A. the natural rate of unemployment is independent of fiscal and monetary policy changes.
B. unemployment and inflation have a direct relationship.
C. an increase in unemployment leads to an increase in inflation.
D. there is an inverse relationship between inflation and unemployment.
E. unemployment increases when inflation decreases.
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