what-does-the-vertical-nature-of-the-long-run-phillips-curve-indicate-about-infl

Question

What does the vertical nature of the long run Phillips curve indicate about inflation and unemployment?

Accepted Answer

Unemployment is constant at the natural rate, regardless of inflation.

Answer

Unemployment decreases as inflation increases.

Answer

Inflation and unemployment are inversely related.

Answer

Inflation has no impact on unemployment.