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Which of the following is a true statement? Group of answer choices There is a long-run tradeoff between inflation and unemployment. There is no tradeoff

Which of the following is a true statement?

Group of answer choices

There is a long-run tradeoff between inflation and unemployment.

There is no tradeoff between inflation and unemployment in the short-run.

The short-run Phillips Curve is horizontal.

The long-run Phillips Curve is vertical.

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