What does the Long Run Phillips Curve suggest about the relationship between inflation and unemployment over time?

The Long Run Phillips Curve suggests that, over time, there is no trade-off between inflation and unemployment. In the short term, it might seem like lowering unemployment can lead to higher inflation, but in the long run, the economy adjusts. This means that if inflation rises, people will expect it and demand higher wages, which can lead to a return to the natural rate of unemployment. For example, if a country experiences high inflation and low unemployment, workers might start demanding higher pay to keep up with prices, causing businesses to hire less. Ultimately, the Long Run Phillips Curve shows that in the long run, the unemployment rate will settle at a level determined by factors like technology and worker skills, regardless of inflation levels.