Question: What is the main difference between the shortrun and long-run Phillips curve? (A) The short-run Phillips curve is downward sloping and the long-run Phillips curve

What is the main difference between the shortrun and long-run Phillips curve?

(A) The short-run Phillips curve is downward sloping and the long-run Phillips curve is upward sloping.

(B) The short-run Phillips curve is upward sloping and the long-run Phillips curve is vertical.

(C) The short-run Phillips curve is horizontal and the long-run Phillips curve is upward sloping.

(D) The short-run Phillips curve is downward sloping and the long-run Phillips curve is vertical.

(E) The short-run Phillips curve is vertical and the long-run Phillips curve is upward sloping.

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