Business, 30.03.2020 23:35 julk89

Why doesn't the Phillips curve represent a permanent trade-off between unemployment and inflation in the long run? A. In the long run, aggregate demand sets the price level. B. In the long run, aggregate supply is upward sloping. C. In the long run, aggregate supply is vertical. D. "In the long run, we're all dead."

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Why doesn't the Phillips curve represent a permanent trade-off between unemployment and inflation in...