Figure 9.6: The Output Gap 1980-2012 (SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Figure 9.6 above shows the output gap for the years 1980-2012. Using the Phillips curve and Okun's law, discuss the impacts on inflation and unemployment for the years 1997-2000 and 2008-2012. From this analysis, what is the relationship between unemployment and inflation?

Question

Figure 9.6: The Output Gap 1980-2012  (SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Figure 9.6 above shows the output gap for the years 1980-2012. Using the Phillips curve and Okun's law, discuss the impacts on inflation and unemployment for the years 1997-2000 and 2008-2012. From this analysis, what is the relationship between unemployment and inflation?

Quizplus · Accepted Answer

The Answer of Figure 9.6: The Output Gap 1980-2012  (SOURCE: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Figure 9.6 above shows the output gap for the years 1980-2012. Using the Phillips curve and Okun's law, discuss the impacts on inflation and unemployment for the years 1997-2000 and 2008-2012. From this analysis, what is the relationship between unemployment and inflation?

Figure 96: the Output Gap 1980-2012 (SOURCE: Federal Reserve Economic