The Basic Assertion of Those Who Argue That the Long-Run

The basic assertion of those who argue that the long-run Phillips curve is vertical is that

A) both unemployment and price stability can be achieved through proper discretionary monetary and fiscal policies.
B) over the long run, the Phillips curve is useful for making economic policy tradeoffs between inflation and unemployment.
C) inflation is caused by cost-push forces and can be reduced only by wage and price controls.
D) expansionary monetary and fiscal policies improve the rate of unemployment only temporarily because they also change inflationary expectations.
E) the natural rate of unemployment will fall to zero over time.

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