Question

question 85\
which of the following is downward - sloping?\
\bigcirc neither the long - run phillips curve nor the short - run phillips curve\
\bigcirc the short - run phillips curve, but not the long - run phillips curve\
\bigcirc both the long - run phillips curve and the short - run phillips curve\
\bigcirc the long - run phillips curve, but not the short - run phillips curve

Explanation:

The short-run Phillips curve shows a short-term inverse relationship between inflation and unemployment, making it downward-sloping. The long-run Phillips curve is vertical at the natural rate of unemployment, as there is no permanent trade-off between inflation and unemployment in the long run.

Answer:

B. the short-run Phillips curve, but not the long-run Phillips curve