In an economy experiencing persistent inflation, understanding the relationship between inflation rates and unemployment is essential. The Phillips Curve illustrates this relationship, suggesting a trade-off between the two variables. However, during certain periods, this trade-off can become unstable, leading to a phenomenon known as stagflation, where both inflation and unemployment rise simultaneously. Given this context, consider the implications of inflation on unemployment in the short run versus the long run.

Based on the Phillips Curve and the behavior of the economy during different inflationary environments, which statement accurately reflects the relationship between unemployment and inflation?