The long-run Phillips curve is vertical at the natural unemployment rate.

Name: The long-run Phillips curve is vertical at the natural unemployment rate.
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The long-run Phillips curve is vertical at the natural rate of unemployment, indicating that in the long run, there is no trade-off between inflation and unemployment. This reflects the idea that in the long run, the economy tends to return to the natural rate of unemployment, regardless of the inflation rate.

The Long-Run Phillips Curve Is Vertical at the Natural Unemployment