a. there is an inflation-unemployment trade-off and the terms of that trade-off have worsened in recent years.
b. there is no inflation-unemployment trade-off.
c. attempts to "fine-tune" the economy cause the rate of unemployment to accelerate.
d. there is an inflation-unemployment trade-off, but the terms of that trade-off have improved in recent years.
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Home » Business » In the long run: a. there is an inflation-unemployment trade-off and the terms of that trade-off have worsened in recent years. b. there is no inflation-unemployment trade-off. c.