Question

12. The slope of long run Phillips curve is
(1 Point)
O a downward sloping
b. horizontal line
O c. vertical line
O d. upward sloping​

Answer 1

Answer:

c

Explanation:

The long-run Phillips curve is a vertical line that illustrates that there is no permanent trade-off between inflation and unemployment in the long run.Contrast it with the long-run Phillips curve which shows that over the long term, unemployment rate stays more or less steady regardless of inflation rate.