8 pts possible What basic relationship does the long-run Phillips curve describe? O A. It indicates the unemployment rate tends to decrease as the inflation rate increases OB. It indicates unemployment will move toward its natural rate regardless of the inflation rate O C. It indicates inflation will move toward its natural rate regardless of the unemployment rate OD. It indicates the unemployment rate tends to increase as the inflation rate increases Which of the following describes a reason why the long-run Phillips curve relationship differs from the short-run relationship? O A. In the long run, workers and firms focus on nominal wages, instead of real wages O B. In the long run, expected inflation is taken into account when making work and hiring decisions O C. In the long run, wages and prices are stickier (less flexible) than in the short run. OD. All of the above are correct