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What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve? that there is no long run tradeoff between unemployment and inflation that

What can be concluded from Milton Friedman and Edmund Phelps' expectations-augmented Phillips curve?

that there is no long run tradeoff between unemployment and inflation

that there is a short run tradeoff between unemployment and inflation

that there are two types of Phillips curves

all of the above

none of the above

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