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Question

The long-run Phillips Curve is ____________ Which indicates

A In the long-run, there is no trade-off between inflation and unemployment

B In the long-run, there is no trade-off between inflation and the price level

C In the long-run, the economy returns to a 4% level of inflation

D In the long-run, there is no trade-off between growth and inflaton

E None of the above

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