Essay
Figure 9.8: Cyclical Unemployment: 1980-2015 (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-The figure above shows cyclical unemployment for the years 1980-2015. Using your best guess by looking at the figure, what was the output gap in 1992, 2003, 2010, and 2015? What is the change in inflation for those years?
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